To follow on from my post regarding the 4 drills at Pegasus & Galactica....
Directors Recommendations have been received on the 1st and 7th of Sept for both sites (2 drills at each site) It goes on to say these OGDP applications will be discussed at the next COGCC Hearing on 14th Sept. It also states that operations will begin at both sites 4th Quarter this year. It goes on to say if commercial grade helium is found, they will be closed for 6 to 9 months whilst an off site production facility is constructed.
I believe they were both delayed due to further Wildlife appraisal requirements due to public comment but it looks like we are just about good to go.
Looking at the COGCC system, there's another 9 wells I believe in the pipeline.
Patience is key with this stock........
BNL Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
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