you are a funny bloke, you want to make 10x your money NOW but it doesnt work like that.
it takes 60 days to drill a well, they have 23.5 to go, thats possibly 1,400 days or 4 years
if they get a second rig then they can halve it to 2 years (I have allready said all this and so have they)
The wells are all low risk, in a good area which is known to produce and most wells are expected to produce (also why macquarie bank brought).
This is a opertunity to get on this one from the beginning..
You siad - "Sorry to say you provide vague information and so does the company (website). " Mate that is total rubbish my points have been very clear and this company is so transperent and upfront with its information that its not funny, Maybe you just dont understand whats going on. If you cant follow gas plays, then dont buy them.
The biggest risks give you bigger rewards, to do that you must find young green companies about to take their first steps in life, maybe you should buy QGC? i brought at 40c and sold 2 years later at $3. the risk is now gone out of this one and its a safe stock maybe this is more your cup of tea? But I like to try and find stocks that will multiply my money many times over.. thats why I am backing BUR.
As I said, over $10mil in the bank, $4mil of revenue P.A allready, 2nd well almost on tap, winter coming into the US soon which makes Gas prices go up a lot compared to where they are now, and even macquarie bank brought in around these prices 6 months ago.
The only way from here is up!
BUR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
