Burleson Energy Limited (ASX:BUR) Moeller #1 Well Be To Completed As A Potential Gas/Condensate Discovery

Sydney, June 9, 2010 AEST (ABN Newswire) - Burleson Energy Limited (ASX:BUR) advises that a decision has been made to complete the Moeller #1 well for production. A proposed drill stem test (DST) on the uppermost 20 foot section of the primary Wilcox reservoir sands could not be completed due to unstable hole conditions. As a result, production casing is currently being run into the well bore and will be cemented in place and then flow tested through perforations. These perforations will test selected zones of interest in the primary Wilcox reservoir sands starting at the base of the lowest interval of interest. This lowest interval to be tested falls within a broader zone of interest covering 155 feet of gross gas saturated sands. Assuming no delays due to operational issues, the process of running casing and flow testing the various zones of interest is expected to take approximately two weeks.

At this stage, no definitive indication regarding the potential size of the accumulation can be provided until such time as the well has been successfully completed and flow tested, the closure has been mapped with greater certainty and the well has been tied into production and some production history has been established.

In addition to the major zone of interest other hydrocarbon bearing sands were noted above the major zone which will be subject to further assessment and potentially appraised through future drilling activities.

BUR has a 38.5% working interest in Moeller #1, along with its JV partners NSE (ASX:NSE) and US-based operator AKG Energy, L.P.

Contact

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