Burleson Energy Limited (ASX:BUR) Heintschel No.2 Well Spudded

Sydney, Dec 29, 2010 AEST (ABN Newswire) - Burleson Energy Limited (ASX:BUR) is pleased to advise that the Heintschel # 2 well commenced drilling over the Christmas period and as at 6am Texas time was drilling ahead at a depth of 3,300 feet (~1,006 metres).

The well is located some 1,200 feet (366 metres) southwest of the Heintschel #1 discovery well and is expected to be drilled to a depth of 11,800 feet (~3,600 metres) and take approximately 28 days to drill and complete. Heintschel #2 is the third well to be drilled on the broader Heintschel structure and follows the recently drilled D.Truchard #1 well currently being completed for production with fraccing and flow testing scheduled for early in 2011.

The Heintschel #2 well is predominantly an appraisal well targeting the main gas condensate sands encountered in the Heintschel #1 discovery well but in a structurally higher (updip) location. Being a close offset to the initial discovery well also provides a development component aimed at securing valuable additional production and cash flow along with progressing potential resource and reserve assessment within the field.

Further drilling updates will be provided on a weekly basis or more regularly in the event that material information arises that requires disclosure.

Heintschel Field Interests:

- Burleson Energy: 38.0%

- New Standard Energy (ASX:NSE): 32.5%

- AKG and Associates (AKG): 29.5%

Contact

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