Burleson Energy (ASX:BUR) is flowing 1.4 million cubic feet of gas and 30 barrels of condensate per day from its Truchard-3 well at the Heintschel Project in Texas.
This is more than 50% higher than the Truchard-2H horizontal well.
Truchard-3 was put into production on 24th December 2014 and has been discharging frac fluids and drilling fluids while producing increasing amounts of gas and condensate.
Burleson has a 50% working interest in the well.
The company had $1.1 million in cash as at 30th September 2014.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.