Burleson Energy Limited (ASX:BUR) Heintschel #1 Well Reaches Total Depth
Sydney, April 23, 2010 AEST (ABN Newswire) - Burleson Energy Limited (ASX:BUR) has been advised by the AKG Operating Company that the Heintschel #1 in Colorado County, Texas has reached its planned total depth and is being prepared for logging. Logging is expected to occur within the next 24 hours. The target objective in the Wilcox has been encountered over significantly larger intervals than originally anticipated and has given multiple extensive hydrocarbon shows which occurred during fast drilling breaks, and resulted in gas-cut mud weights, gas to the surface, condensate in the mud, and included pressures higher than anticipated.
It should be noted that whilst all of this is very encouraging, petrophysical logs will give a more definitive indication of producible hydrocarbons and reservoir quality. A further update will be provided once logs have been run.
BUR has a 38% working interest in Heintschel #1.
Contact
Mike Sandy
Managing Director
Tel: +61-2-9450-2002
Fax: +61-2-9986-1753
Email: info@burlesonenergyltd.com
www.burlesonenergyltd.com
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