Corporate Update

Hi All,

Always good to get a bit of news of progress to keep the positive sentiment among holders especially towards the EOFY to stave off any tax loss type selloff.
The obvious pre cursor for the Ann. was the well approval and Truchard 3 drilling plan but the rest may have been as Gonnfinishing suggested due to Robyn's persistence. I too feel AB reads HC as some months back I asked the question on HC about the working interests of the Golla well and only days later there was an Ann in this regard from BUR so if indeed Andrew does follow the HC thread it shows that he is interested with being in touch with the smaller shareholder base, which would be a rare occurrence among company CEO imo.
As for Robyn, whilst most of us differ in our thoughts of BUR as an investment, his/her views do inspire some discussion and a bit of humour on the thread. Sorry I digressed, back to the update.

The monetization of the H field was an interesting inclusion and something that has never been raised before. Not sure of the value or interest would be in this prospect but it is somewhat derisked with a number of producing wells producing a cashflow, current 3D seismic data and infrastructure in place and a reasonable acreage position. Whilst I am not against any ideas to sell off to unlock value I would like to see Bur to negotiate an ongoing royalty based settlement to provide some future long term income. Any thoughts on value or options ?

Project T seems to be drawing out. This project was discussed at the AGM in vague detail in regard to location due to commercial sensitivity so at least BUR is still telling the same story.
To lease any contiguous landholding obviously it would take some time as there would always be a couple of dissident landowners who couldn't or wouldn't agree I suspect. It's an old shallow field somewhere in Texas. Any ideas ?

Nothing in the update on the performance of H field wells, Joann well never gets a mention, suspect the rework sometime back never came up to expectation.

Still holding enough cash to drill second anomaly if T3 successful so am reasonably happy with progress. Hopefully Andrew can push on with projects at a reasonable pace going forward. I feel to date he has done a good job. Just my thoughts. Post your own, the management might be reading lol.