short term trading week starting - 15 oct, page-169

Ok bit more detail on BUR, however their ann this morning covers the salient bits.
essentually they have commenced fraccing of their first horizontal development well after drilling 3 exploration/deliniation wells.

This well is expected to flow very high levels of wet gas/condendated and be highly profitable.

Whole of life well revenue $53mil, cost to drill $6mil

Success here will see full development of field worth about 1 Billion dollars

MC today about $17mil will have final flow results sometime next week