Burleson Energy (ASX: BUR) and its joint venture partners have fully committed to funding drilling of the Golla-1 oil and gas well in the Heintschel Field in Texas.
The US$2.2 million well will test a 135 acre anomaly that was identified as a result of successful drilling of three wells undertaken nearby.
These analogous wells have been extremely productive with one well, Cannon-1, producing 1.1 billion cubic feet of gas and 55,000 barrels of oil in its first five months of production.
Golla-1 is located within the 704 acre Truchard Unit in which Burleson has a 50% working interest.
If it is successful, there are at least 2 more "sweet spot" drilling locations on the 135 acre anomaly that will be pursued.
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