Ok maybe some confusion around free range ranching lease and a gas exploration lease, both can operate at the same time, BNL water drilling programs funds the rancher's to drill for water on anywhere they would like as long as its on land that BNL has an exploration lease. The exploration lease doesn't extinguish the ranching lease. Ranchers have the right under their lease to drill for water, BNL doesn't, so BNL cannot tell ranchers where or how Ranchers should drill for it except to do it where they hold an exploration lease and so if ranchers would like to drill for water where there is a joint lease BNL will pay. Win win, and a great strategy when it comes time to appy for a permit to drill because ranchers are happy little chappys and dont put in any negative submissions during the hearing processes
BNL Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
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