BUR 12.5% 10.5¢ burley minerals ltd

next week should be interesting....., page-8

  1. 45 Posts.
    "The Woppa prospect has Edwards and Sligo reefal carbonates build-ups draped over a deep, large, horst structure. It is along trend with and analogous to the Word (Edwards) Field, which will ultimately produce more than 600bcf from Edwards reefal carbonates. The Edwards is overlain by the Eagle Ford Shale, which provides a secondary target. A 6320-metre well will be required to test this structure, with a completed well cost of the order of US$15 million. We intend to farm out a good portion of its cost in order to concentrate on Heintschel development and other Wilcox and shallower targets."
 
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