Heintschel Field Development Drilling Update
Sydney, Mar 26, 2012 AEST (ABN Newswire) - Burleson Energy Limited (
ASX:BUR) (PINK:BENGF) advises that all four of its producing wells are back on line following disruptions to Heintschel #1 and Joann #1, which extended into January 2012.
The three wells on the Heintschel field (H#1, H#2 and D Truchard #1) are currently flowing at a combined rate of ~ 0.9 million cubic feet of "wet" gas per day (mmcfd) and ~26 barrels of condensate per day.
Wet gas contains natural gas liquids (NGL) which effectively add ~ US$2.50 per thousand cubic feet (mcf) to the received gas price (currently ~US$2.30/mcf). Condensate sells for the same price as crude oil (current US price is ~US$105 per barrel).
Click here to view the full announcement at,
http://www.burlesonenergyltd.com.au
Contact
Burleson Energy Limited
T: +61-2-8252-6177
F: +61-2-8252-6178
WWW: www.burlesonenergyltd.com/
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