New Ann out see below...RESUMPTION OF DRILLING, ONSHORE...

New Ann out see below...


RESUMPTION OF DRILLING, ONSHORE TEXAS
(ASX: BUR)
Burleson Energy is pleased to advise the imminent resumption of drilling activity in its
Colorado County, onshore Texas, project area.
Two wells are planned:
1. The first will be an exploration well targeting an independent Wilcox structure
several alternative highly prospective targets are available, and a decision on the
actual target will be made shortly.
2. The second will be a Heintschel #2 appraisal well (contingent to a degree on the
results of the Heintschel #1 frac).
The reason for the change in plans is that frac equipment remains in short supply, and the
anticipated mid-September frac of the Heintschel #1has come and gone. In that regard,
BUR advises that a firm frac date for the Heintschel #1, of November 26, has now been
committed - but an earlier slot is possible. The frac will provide vital data regarding the
viability of, and how best to develop, this potentially large resource of 60 Bcf +30 Bcf of
gas plus 1 mmb +0.5 mmb of condensate. BUR and AKGs preference is to secure these
data before proceeding with development drilling. The above drilling timetable allows
sufficient time for a Heintschel #1 frac to occur and to assess the results before Heintschel
#2 is drilled.
Both offset development and appraisal drilling locations are currently being prepared on
the Heintschel structure.
ABN 73 117 770 475
Burleson Energy Ltd
Registered Office /
Administration
Level 6
9 Barrack Street
SYDNEY NSW 2000
Australia
Mailing Address
GPO Box 92
SYDNEY NSW 2001
Australia
Phone: +61 2 8252 6177
Facsimile: +61 2 8252 6178
www.burlesonenergyltd.com
Page 2
There are several candidates for the next Wilcox exploration well including:
Recently identified Wilcox prospects with potential for ~10 Bcf of gas and 0.3 mmb
condensate (BUR WI 36%)
WH 4 Wilcox prospects in Wharton County in additional acreage acquired in Jan
2010 have potential for 41 Bcf gas (BUR WI 36%).
Moeller prospect is located 53m updip of the Moeller 1 well which encountered
good hydrocarbon shows but apparently in a gas water transition zone. The up dip
location has the potential to contain 10.4 Bcf gas and 0.24 mmb condensate (BUR
WI 38%).
The operator AKG has commenced sourcing a suitable rig to drill two wells, with drilling
expected to commence within 4 to 8 weeks weeks. The new well(s) will also require
fraccing.
Note that AKG has six previous bookings with frac units, so it is possible that two (or more)
wells could be fracced in sequence.
An updated investor presentation, including updates on other BUR wells, will be released
to the ASX, and uploaded to the BUR website, shortly.
For further information, please contact: