BUR 0.00% 0.0¢ burleson energy limited

chasing oil

  1. 197 Posts.
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    The announcement recently by Sandy that they are changing direction back to chase condensate and gas is no doubt commendable - however I can't help but feel it does point out the dilemma we are in.
    These wells we have been drilling were supposed to reduce by 50% in about 6 months. The trouble is, these appear to drop by 50% inside a month or so - BIG DIFFERENCE - must be lineball in terms of "worth the effort".
    And I believe Sandy is acknowledging this.
    The shareprice for a producer which Burleson is (it's not one of the specs anymore as it is producing income????)is surely telling us something.
    No downramp here, just an observation

    cheers
    Jake
 
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