Looks like a fair chance of completion of the lateral doesn't...

Looks like a fair chance of completion of the lateral doesn't it? Now drilled 3,253 ft of the planned 5,000 feet? And with evidence of gas shows.

The price of natgas has had a severe correction, but this is not unlike the seasonal fluctuations during the 2002-2006 bull cycle for the clean energy, which saw an eventual 600% increase in price from bottom to top. The chart suggests to me a new upleg in the price is due soon if this bull has the strength I'm anticipating. Just my amateurish view of course; but energy experts interviewed on financialsense.com are also bullish natgas.

Also from the June Qtrly I take it there are no longer any of those very flexible convertible notes left? So no more cheap conversions into lots of shares that can be sold for quick profit, thus depressing the price even more. A comment from 'montythedog' would be interesting on this stock.
Have a cleaned up version of situation as drawn from Quarterly appendix 5B:

Ordinary securities
BUR = 116,028,915

BURAO = 50
(C Class Converts 1:150,000 ordinary shares)

Changes during quarter

(a) Increases through issues = 3,050,000 ordinaries

Convertible debt securities

= Nil (zero)

Changes during quarter

(a) Increases through issues = Nil

(b) Decreases through securities matured, converted = 305,000
(converted to 3,050,000 ordinaries above)

Options

BURO = 41,500,001 (exercise price 0.25)
BURAP = 13,600,000 (exercise price 0.25)