Obviously some of the BUR followers on the BUR threads will have heard this report from Mike Sandy but is is quite detailed and for those who havnt heard it.... well worth a listen.
The link :
http://www.brr.com.au/event/51457/burleson-enters-its-new-phase-of-development
Key points.
All 5 wells drilled so far are producers or will become producers.
Cash flows will fund further exploration, which should mean potential future dilution of current shareholders interest is not an issue.
Potential higher profit wells to be drilled down the track
Therefore: low risk potential high reward for shareholders.
All good stuff, but the investing public at large are not interested !
Strange cattle... the investing public !
Cheers,
Bendigo
boadroom radio update by ceo mike sandy
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