update on marlin 1 flow rates

Sterling Energy just reported.

Their full report can be seen.

http://www.sterlingenergyplc.com/ProposedS...USBusiness.aspx

Much of what they say does not relate to BUR, but the bit below on their Marlin 1 Well does.
This is a joint venture.
BUR has a working interest in the Marlin 1 well of 29.69%

The extract from Sterlings report follows
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"Sterling’s U.S. operations include a substantial inventory of low-risk development and exploration projects, primarily in the onshore Gulf Coast and shallow water Gulf of Mexico.

On 14 March 2008, Sterling announced a gas discovery from its Marlin #1 well. The well has since come on stream at initial rates of over 4.5 mmcfged (750 boed) net to Sterling, some 25% higher than the initial announced test rate.

An offset to this well is scheduled to be drilled in May."
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For those that follow BUR, no expanation is needed.
It is excellent news.

For those that don't follow BUR... it is worth having a look on the BUR website

The company is undervalued imo

Cheers,

Bendigo