BUR NSE

Ann: Wilcox Update - Heintschel 1 flows gas on in, page-26

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  1. BigGambler
    1,469 Posts.
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    08/07/10
    09:18
    Post #: 6880884
    re: Ann: Wilcox Update - Heintschel 1 flows g... the turtle

    the whoppa wells cost $2.5mil a pop for burleson at current 20% working interest.

    wilcox wells cost around $1mil

    how do you see Burleson getting more holes in the ground without doing a cap raising when they are not cash positive, and the 3 possible wells they could get gas from now isnt enough to make them cash positive?

    Do you think they will apply for a personal loan at the bank?

    BUR Price at posting: 5.6¢ Sentiment: Sell Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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