Burleson went through 1.8c today like a knife through butter, no resistance at all. To be honest I was expecting more of a battle, but it seems that the sellers have all gone away.
All we need are new holders to come on board and move things along; perhaps a drilling contract announcement or a broker report may give some further impetus. Just re-reading the previous announcements gives me encouragement.
At the moment we are pricing a find of 1050mcf gas and 26 barrels of oil per day from Golla #1, which is nothing, compared to what Cannon #1 achieved.
I see the next resistance is in the area of 2.5 - 3c, but it really depends on how confident shareholders are in the story of "sweetspots" and the potential of 3 wells. If shareholders feel confident, then the selling is going to be limited as they wait for better gains and a chance to recoup their losses.
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Last
3.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.445M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 75000 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 147193 | 1 |
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| Last trade - 16.21pm 18/09/2025 (20 minute delay) ? |
| BUR (ASX) Chart |
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