Burleson Briefs Drilling Operations at Heintschel-1

Burleson Energy advised that, as of April 13, 2010, the Heintschel-1 well, located in Texas, was at a depth of 8,598 feet (2,620 meters).

Heintschel-1 is targeting a lower Wilcox sandstone reservoir prospect in a stratigraphic trap with four-way closure, and is analogous to recent Wilcox discoveries along trend. It has the potential (2P) for 7.2 bcf of gas and >100,000 barrels of condensate, with an upside (3P) of 29 bcfe.

Additional wells will be required should the stratigraphic component of the trap be a success. Heintschel-1 is budgeted to cost ~US $1m if a dry hole and ~US $2.3m if a success (i.e. completed for production). It is a vertical well drilled to a total depth of 11,750 feet (3,581 meters) and is expected to take 35 days to drill and complete. It spudded (commenced drilling) on April 4, 2010.
 

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