Burleson Energy Limited (ASX:BUR) Updates On The Moeller #1 Well

Sydney, June 16, 2010 AEST (ABN Newswire) - Burleson Energy Limited (ASX:BUR) advises that production casing has been run into the hole and cemented into place for the Moeller #1 well. The Big 6 drilling rig has been released from site for the recently announced spud of the third Wilcox well in the program being the Joann #1.

As advised by AKG Energy, the US operators and partners in the Moeller #1 well, preparations are currently underway to flow test the Moeller #1 well. The well will be perforated and flow tested over numerous zones of interest with the testing program commencing from the bottom zone of interest and working upwards through various reservoir zones within the 155 feet of gross gas saturated reservoir sands encountered in the well.

Current expectations are that the testing program will commence within the next week and once underway flow testing should take 4 to 5 days to complete. Assuming positive flow test results are achieved the Moeller #1 well will be completed and tied into the sales network.

A further update on the Moeller #1 testing program and any flow test results will be provided in due course.

BUR has a 38.5% working interest in Moeller #1, along with its JV partners New Standard Energy Limited 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