"Burleson’s technical team, AKG, are still working on the well to determine if the well will flow on its own without fraccing. If the well does require fraccing, this will mean that the PB02 sands above will not be perforated (as the frac will intercept and should drain the PB02)."
If the salty water is coming from above then any fraccing will just create a pathway for the salty water to mix with the gas and condensate. They can't fracc it without causing a major problem.
This is not looking good at all.
Maybe we can get Farjoy to come in and support the share price whilst we bail.
BUR Price at posting:
1.2¢ Sentiment: Hold Disclosure: Held
