Burleson Energy's (ASX: BUR) shares hit an intra-day high of $0.018 yesterday, which is a 63.6% jump from the closing price a day before, with the company receiving an ASX Price and Volume Query.
The company has projects onshore in Texas, U.S.
Burleson replied that it was not aware of any material information that had not been released, which may explain the investor interest.
The company did point back the June quarterly 2013 which said that, "BUR management are continuing a program to attract a partner or partners to join that development and to pursue our exploration portfolio."
Activity during the period included continued production from the Truchard-2 Horizontal Development Well, with a focus on producing/monitoring T2H while changes were made to the “plumbing” of the well.
Importantly for Burleson production from 4 wells continues to provide revenue in excess of costs.
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