exceptional news, page-15

Tc

I will try and explain it real easy for u then

I buy stocks to make a return

with moeller and $14mil from options that put burleson in a position to drill 10 wells into a proven reseve adding serious EUR and revenue.

That is now not a reality, as such the upside is gone.

The wells burleson have $ wise make up 5% of the total project, moeller and Edwards/silo made up the rest.

Wells do not flow at inital rates for ever they drop off you need to factor it in

BUR will make peanuts now it loses the $14mil cash injection to drill all them wells.

Nse have said there is about 30bcf in that well, but it doesn't have 2.8mm bbl like moeler so is worth much less.

At best eur is about 20c a share that's return over 10 years

bur will cap raise inside 3 months guranteed. Remember it takes 3 months for revenue to hit the bank book and they need to redrill moeller, drill a 4th wilcox and drill a Edwards.

You happy to wait 6 months between wells?

Cap raise will drop you holdin in h1 by probly 1/3 bur is worth 8c at best with a lot more risk attached.

That's why it's sold down and no one is buying up on these results

moeller was the golden goose but it didn't lay that golden egg so now it's atotally different game.