BNL, US$650M potential Net Profits from 15 helium/Co2 wells at Voyager Prospect area only., page-72

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10/03/23

23:12

Post #: 66708285
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Originally posted by 256lith: ↑

Hi Sunfire I understand your frustration...but ..

I don't care how long BNL take to cross their T's and dot their i's...lol..
I have been here for a while now and i am here for the long haul as long as it takes, because Helium has now been declared as a highly Prized Critical Mineral Resource by the US Government.

Hello.... keep in mind we are in the US helium economy close to infrastructure..... which the US is the largest helium consumer in the world and now Mr Biden is enforcing US will be priotising US companies over any foreign companies...

As for running out of money...IMO, BNL will not run out of money and will not need any diluting of shareholders shares or any capital raising in the near Distant future either, because :

BNL already has 4 Development/ Production wells all approved and ready to go into Production once drilled in the Voyager Prospect area.
The Voyager Prospect area has proven helium gas grades of 6.4 % to 8.8% Helium composition in their raw gas, + CO2 gas composition.

Also BNL only needs $2.9M CAPEX to put these 3 to 4 helium/ Co2 wells in Development as per BNL'S announcements ,
( which Development wells, also means Production wells)

When this happens BNL'S minimum weekly revenue will be at least $1.2 Million/ week from only 3 to 4 helium wells connected to a leased PSA MODULAR PROCESSING Plants ( at a minimum sale price used for helium 98 % purity in this exercise) of US$1,000/mcf + the CO2 Revenue which will be the cheery on top income for BNL.

BNL will be a self sufficient Pure Play high-grade Helium company with its own Money to fund and advance the rest of the 53 Helium/ CO2 wells, which have already been submitted and are in final approval stages.

I am very comfortable with the progress achieved by BNL
Most of BNL'S delays is due to the prossess involved in
the approvals needed by the oil and gas industry.

DYOR
GLTALSH

256lith

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Just about any due process in the US seems painstakingly slow. Unfortunately some things are outside management's control.

BNL Price at posting: 3.1¢ Sentiment: Hold Disclosure: Held
7 Upvote

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BNL, US$650M potential Net Profits from 15 helium/Co2 wells at Voyager Prospect area only., page-72

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BNL, US$650M potential Net Profits from 15 helium/Co2 wells at Voyager Prospect area only., page-72

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