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5.5¢ burley minerals ltd

Ann: BUR Truchard3 Update, page-3

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Tinarse

199 Posts.

3

25/10/14

14:32

Post #: 14181046
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Originally posted by Tombu ↑

On 25/03/14 BUR announced :
"The near field anomalies that are being used for comparison cover smaller acreages (20, 25 & 65 acres respectively). These wells have produced at rates up to 400 barrels of oil per day & 8 million cubic feet of gas per day......
...BUR's technical team & operator, AKG, believe that the 135 acre anomaly could be indicative of the presence of a better quality reservoir than seen elsewhere in the field to date"

O.K. AKG - where is our 400 barrels per day??? Oh that's right, once again you have stuffed up the drilling.

It is about time the directors stopped treating BUR as a Kugler Benefit Society & started employing drillers 7 technical advisors that can drill successfully. Why not start by using the drillers that achieved the 400 boe / day in the nearby fields.

Has anyone else noticed that the Financial Reports does not give a breakdown of the $1.7m spent on exploration?

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I agree AKG is starting to smell to high heaven.
They should take a good look and learn what Akk is doing next door.
The share holders should be able to vote for a new independent operator as we really don't have much of a clue what the bloddy hell's been going on there and the Ann tell us nothing.

BUR Price at posting: 1.1¢ Sentiment: Buy Disclosure: Held
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