BUR 1.45% 7.0¢ burley minerals ltd

revenue figures from gas and condensate sales, page-6

  1. 399 Posts.
    Agreed more wells at this pace (every few months) will help provide a 'production floor'. However as time goes the by the effect of each new well (on average) will not cover the decline rate in the other wells as efficiently.

    What I and the market would have preferred to see is a slower decline rate over the months Nov to now in all 3 producing wells. These are dropping at rates far above the US average however admittedly this may not reflect Texas, I don't have that info yet.

    Total production from each well is the critical ingredient for success.
 
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