BUR - Burleson Energy

[Wysiwyg]

This stock is down now. How do You see share price of this year? I am seaching interesting energy stocks. At the moment very pleased with Otto energy in my portfolio and some canadian energy stocks as pennant enrgy and petrolympic. Some of them explosive stuff.

Good luck.

Matey I sold 30% of my holding recently at a loss because BUR have the hex on them (bad mouthed, steered away from etc.)Gas prices are strong and they are producing but that hasn`t attracted investors.A stunned mullet in a sea of whiting.
I`m looking into another company that has no production, no reserves but the share price does move up.

 

[Wysiwyg]

Summer break must be near over for BUR.Haven`t heard a word out of them for a while now.Maybe they were busted pinching gas with their laterals from adjacent fields.:Although very disappointed, in the light of what has happened market wise BUR have managed to stagnate reasonably well.

C`mon Mike, give us a good read buddy.



.

 

[cicak_kupang]

Anyone holding this share? Seems to be way down and out at the mo.....
Marlin 2 sounds like it will bring a good boost to the bottom line for the company. BUR, no debt, has a cash flow, has several producing wells, and has a crappy SP. whats up with this share, is it bellow everyones radar or what?

 

[inenigma]

Is anyone still holding this ???

Looks like a possible breakout (ONE WAY OR THE OTHER....)

 

[floyd]

Recent announcement of drilling in July 2009 may have sparked some interest ...

They have farmed off some the program for 2.5 m too ... so some cash in the bank as well

 

[cicak_kupang]

Good 2 c this dead dog has finally found a heart beat. up a bit with out any announcement. An announcement around the corner maybe......

 

[cicak_kupang]

interesting announcement today. after sitting quietly for a while BUR now have an interesting forward plan. not sure if ill jump in at the mo'. might wait till it breaks out a bit. good upside at these prices though. anouncement at www.burlesonenergyltd.com/home.asp

 

[tonza]

Is anyone still following this one?

The company has recently sold off their mediocre production wells and raised a bit of capital to focus on their next drilling target, Wilcox. They have one small gas well about to come online to provide a bit of revenue.

Wilcox drilling starts in the next few days (3 wells back to back) with seismic testing pointing towards a potential resource of 114+ bcf of gas and 2,710 mb oil. There is the potential for some serious price gains here in the next couple of months if the company realises these potential resources.

Potential Revenue from first 3 wilcox wells:

9000mcf/d * $3.80 * 30% (Working Interest) * 365 days = $3,744,900 p.a.
600bopd * $80 * 30% (Working Interest) * 365 Days = $5,256,000 p.a.

Potential revenues from first 3 wells: $9,000,900 p.a.

On a current market cap of $11-12 million........

Good for a punt. irate:

 

[ross100]

Looks good today, hope it shoots up with these 3 wells
thinking of buying more volume has increased as well and News Wilcox Drilling campaign is due to commence

 

[Wysiwyg]

The company has recently sold off their mediocre production wells and raised a bit of capital to focus on their next drilling target, Wilcox. They have one small gas well about to come online to provide a bit of revenue.

5 (five) wells that lost money while in operation! No drilling and bank interest would have been more profitable. They don't have enough participation interest in the wells when the pizzly flow rates are divided up.

Wilcox drilling starts in the next few days (3 wells back to back) with seismic testing pointing towards a potential resource of 114+ bcf of gas and 2,710 mb oil. There is the potential for some serious price gains here in the next couple of months if the company realises these potential resources.

No they are not drilling in the next few days. One of the aspects of BUR is delaying drilling due to a different reason every time.

Potential Revenue from first 3 wilcox wells:

9000mcf/d * $3.80 * 30% (Working Interest) * 365 days = $3,744,900 p.a.
600bopd * $80 * 30% (Working Interest) * 365 Days = $5,256,000 p.a.

Show us an Appendix 5B that states a profit with ALL or ANY 5 (five) Austin Chalk and Yegua gas and condensate wells on line! They have an "exploration and evaluation" payments line that is very hungry. (see buddies AKG)

Good for a punt. irate:

Yes if you can out do the other punter but remember who is getting the rub out of this.

 

[ross100]

Fantastic run today 0.073
has crossed the resistance of 0.070, Good news all over. The company has lot of cash now just waiting for the wells to do well ........

 

[ross100]

Again doing a good run crossed .080 Brasher 1 Well on Production
Burleson Energy is pleased to advise that the Brasher #1 well (the first well in the Colorado County
Project) has been successfully tied into the gas sales network and is now producing gas from the
Yegua reservoir.
.
A further update on production rates will be provided when the flow rate has been stabilized over
the coming weeks.
The focus of the drilling program in the Colorado County Project has now turned to the larger
Wilcox prospects, and with a very encouraging start to the Wilcox drilling – with strong gas shows
in the Heintschel #1 well as reported earlier this week.

 

[tonza]

I also hold BUR. Looking forward to the next week or two as more information about Wilcox1 comes to market. Confirmation of an economic resource will hopefully set this company on fire as it increases the known chance of Wilcox2 (the big dog - potential 100Bcf and 2.4mmbo) being successful.

Do not forget there are listed company options traded too - BURO.

Fingers crossed for good times ahead.

 

[mick z]

i think they should do very well, they have already proven
that the 3d's are spot on.
yep the options are very cheap at the moment worth a punt i would say !

cheers

 

[Wysiwyg]

i think they should do very well, they have already proven
that the 3d's are spot on.
yep the options are very cheap at the moment worth a punt i would say !

cheers

Blatant ramp. click The options expire in August and have an exercise price of 25c. I recommend you take your punting advice and, and, and buy more yourself.

 

[mick z]

Blatant ramp. click The options expire in August and have an exercise price of 25c. I recommend you take your punting advice and, and, and buy more yourself.

whats your problem ? i dont think that my post was a ramp
and i already have plenty of option, had them the for over two years.


cheers

 

[mick z]

i think they should do very well, they have already proven
that the 3d's are spot on.
yep the options are very cheap at the moment worth a punt i would say !

cheers

aaaaah........gotta love those 3d's and those options they are still very cheap.
very good news today that type of news always puts the knockers in there place.

cheers

 

[Wysiwyg]

and i already have plenty of option, had them the for over two years.
cheers

I bought 100,000 options on September 27 2007 at 8 cents with plenty of time for the options to be exercised. I also purchased more options at lower prices with time on my side. To my annoyance the company continued to delay progress on the new territory due to seismic interpretation and were also talking of selling their original 5 well assets. The options remained suppressed and time decayed until I came to the decision in January 4 this year to sell the original parcel at .009 cents. Their original 5 wells were running at a loss because of the small percentage holdings they had and flow rate depletion to a pizzle.

You could say I am just a little pi**ed with myself for placing trust in this company. But no mully grubs, I know this mob well enough now.

 

[mick z]

i know what you mean about management they never stuck to there times lines which drove me and other nuts
i only hold the options at the moment as i said bought them over two years ago for an average of 15c couldnt give them away 12mths so had no choice but to hang on to them
so i bit the bullet and spent $ 50 k to average down to 5c so i hope it pays off, for what it worth i think the oppies will be ok.


cheers

 

[insanedragons]

BUR Burleson Energy

werent these the guys that were on that OLN Network tv show on drilling ?
or was that mustang energy...