Burleson Energy announces status of Truchard #2H horizontal development well

11/23/2012

Burleson Energy announces status of Truchard #2H horizontal development well

Burleson Energy provides the following update on the status of the Truchard #2 horizontal well (T2H) as at 21 November 2012.During the past week,testing of frac sleeve 6 occurred and is continuing.

After sleeve 6 was isolated a test flow from frac slots 1 to 5 through production tubing was undertaken, however results were inconclusive with high water production still being recorded. The plan is to continue to flow the well and produce gas and condensate to sales for a few days to monitor the flows and while waiting to see if the earlier "spinner" survey data can be retrieved. This will be followed by a separate flow test from sleeve 6.

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