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?
BUR Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held
