BUR 0.00% 13.0¢ burley minerals ltd

strange stock, page-10

  1. 872 Posts.
    lightbulb Created with Sketch. 14
    only time will tell hey bendigo.

    we can only dream, but if they made the full length on the laterals of the 2 champions wells, what the sp could be.

    it is worth noting that most of the nearby wells were successfully completed. also AKG and (hence BUR's inclusion) were only made as Marathon had difficulty with their drilling (not sure which wells tho)

    so with the 1st three wells having:
    well 1) a very quick drop off
    well 2) a shorter lateral (and whilst good flow, still poor relatively to those around it, and higher drilling costs)
    well 3) a shorter lateral (very good flow with a greater NRI for BUR with smaller drilling costs, but again not half as good as those nearby)

    I fully expected the good Jet3 results would be the catalyst for a good re-rating back to mid 20's.

    Maybe a surprise may cause a re-rating with Marlin, and even an increasing us natural gas price.

 
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