he he! shy? Its still below my sell out price,good point...

he he! shy? Its still below my sell out price,

good point shareboy

what people fail to understand is BUR is a company, as such you value it on revenue and assetts.

Lets look what BUR has on offer.

B1 - flow rates so low you will be lucky to make $100K over next 12 months, with a EUR of just over $1mil

H1 - total EUR said to be about 30bcf, thats about $35mil over the life of the well which could be 10 years. lets say initial flow rate is about 4mmcfd that will make BUR about $2mil over the next 12 months.

And J1 still to find out..

so... in summary

potentially at best $2.1mil revenue over next 12 months.
Cash at bank is about the same as its debt in December.
Looking at balance sheet BUR burns about $1.2mil P.A running the office.

that means BUR over next 12 months might make $1mil, and that will drop off as the flow rates continue to decline.

so $10mil market cap, at present will take 15 years to make your money back, assuming wells dont keep dropping off, which we know they do.

Bur is priced what its worth.

When management make public what their plan is, what BCF they think there is in Moeller formation now, and why they wont miss the whoppa formation if they drill it like they did with moeller. then I will redecide if i enter or not.