Production figures for Jan now out.
Third well is now locked in as a producer.
As has already been noted, production has slowed on 1st 2 wells but revenue is coming in very nicely just the same.
And the wells should flow gas for some years to come.
Based on current production, a full month ( of 30 days) will give BUR ~$580K profit which equates to around $7 Mill per annum in AUD from the first 3 wells
It looks highly likely that Marlin 1, the well currently being drilled will be a producer.
This should hopefully more than offset any slow down of gas flows in the others.
And from here, there are a number of wells to be drilled, all in very prospective territory.
So despite the fact that flow rates have slowed in the first 2 wells, based on their drilling success rate todate we can expect the overall net monthly revenues to increase as more wells are drilled.
Cheers
Bendigo
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burley minerals ltd
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Production figures for Jan now out.Third well is now locked in...
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Last
4.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.103M |
Open | High | Low | Value | Volume |
4.4¢ | 4.4¢ | 4.4¢ | $746 | 16.96K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 286584 | 4.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.4¢ | 35842 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 286584 | 0.041 |
1 | 37500 | 0.040 |
1 | 76948 | 0.038 |
1 | 50000 | 0.037 |
2 | 70000 | 0.035 |
Price($) | Vol. | No. |
---|---|---|
0.044 | 35842 | 2 |
0.052 | 32885 | 2 |
0.053 | 40562 | 1 |
0.062 | 250000 | 1 |
0.070 | 141428 | 1 |
Last trade - 10.39am 08/07/2025 (20 minute delay) ? |
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