Burleson Energy Limited (ASX:BUR) Completes The Sale Of Austin Chalk Wells And Acreage For A$1.436 Million

Sydney, April 7, 2010 AEST (ABN Newswire) - Burleson Energy Limited (ASX:BUR) is pleased to advise the Company has completed the sale of its Austin Chalk wells and acreage for U$1.322 million (~A$1.436m) subject to minor working capital adjustments to Whittier Energy Company.

BUR will retain small royalty interests in two producing wells drilled by other companies on the acreage since mid 2009. These are: 1.3% overriding royalty in Apolonia #2 (which is on production) and ~1% overriding royalty interest in the Walkoviak #1 well (currently drilling). In addition BUR will be retaining ~1.5% overriding royalty interest in future wells drilled in approximately 6,700 acres.

Class C shares which were linked to the Chalk Assets have now been cancelled with the completion of the sale.

Contact

Mike Sandy Managing Director Tel: +61-2-9450-2002 Fax: +61-2-9986-1753 Email: info@burlesonenergyltd.com www.burlesonenergyltd.com