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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burley minerals ltd
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4.2¢

revenue figures from gas and condensate sales, page-6
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Last
4.2¢ |
Change
0.001(2.44%) |
Mkt cap ! $7.735M |
Open | High | Low | Value | Volume |
4.2¢ | 4.2¢ | 4.2¢ | $0 | 5 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 48507 | 4.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.2¢ | 14999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 48507 | 0.041 |
2 | 225000 | 0.040 |
2 | 176948 | 0.038 |
3 | 90000 | 0.035 |
3 | 139651 | 0.034 |
Price($) | Vol. | No. |
---|---|---|
0.042 | 14999 | 1 |
0.052 | 9653 | 1 |
0.053 | 40562 | 1 |
0.062 | 250000 | 1 |
0.070 | 141428 | 1 |
Last trade - 09.59am 18/07/2025 (20 minute delay) ? |
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BUR (ASX) Chart |