"Down 7% - news can't be good".It's always fun to speculate, but...

"Down 7% - news can't be good".

It's always fun to speculate, but speculating on what the news may be - when we've just had the news - doesn't make much sense.

As a listed company BUR are legally obliged to provide facts as they come to hand, without speculation or premature interpretation. All they know is that they've got gas, but until they test they wont know details of intervals or permeability, or whether it's commercial.

Those exiting today are leaving because there's no definitive news and their risk profile compels them to sit on the sidelines during this period.
In all of the years that I've held BUR there's never been any thing to suggest that they leaks news - either good or bad. The Kuglers run a very tight ship.

This was always an exploration well, and wet or dry will proide further information about a field that we know to be commercial.