Exactly the sorts of indications I would be looking for. However, we also need to bare in mind this is only the first well of many. Whether the SP has baked in assumed success on the first well is open to debate, but if it does not meet expectations it is not the end of the world. SP would fall, but that would also be a good time to buy more. I'm here for the longer term so, yes it would dent confidence, but I am happy to see the entire drilling campaign out as well as JV campaigns
You say the biggest risk is water. Do you mean it would be regarded as a failure or simply harder and thus more expensive to process.? Would hope that if we are drilling further up the hill as has been mentioned somewhere, that water might be less of an issue, and that any helium has risen to a higher point under the cap.
If this game were easy it would be called Finding and not Exploration
BNL Price at posting:
5.2¢ Sentiment: Buy Disclosure: Held
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