Ann: Wilcox Update - Heintschel 1 flows gas on in, page-39

re: Ann: Wilcox Update - Heintschel 1 flows g... Look guys honestly I think we could head to high 4 and then I will jump back in. But honestly think H1 is worth a 3o+ mil
on a 3 well entry look the market may be down on BUR at the moment. But its starts with H1 and J1 flows Bur will start to get some good cash flow into the coffers. 1 well with a 5mmcfd and 200 BOC from one well will give Bur around 500k per month after costs. Look you only have to see what Mike and the board pay themselves to see they run tight and Hard.
With 500K a moth I would expect Bur to borow 2 mil and drill another 2 into H1. Giving it a 1.5mil a month earn. Also I expect BUR to drill Woppa in october but instead of a 30% share I think they will be free carried with the JV splitting 25 or 30 %. Look its a set back but realisticaly cash flows on the balance sheet and all mistakes are forgiven.