Thanks for the slide snippet Jazzaborg. I missed the presso today...did they say they have submitted applications for wells 2-5?
Their terminology used on the slide is 'initiated', which to me is typical BNL-speak that really means "we've thought about doing some stuff, but haven't gotten off our arse to really do anything yet". If they think they'll get wells 2 & 3 drilled in Q1 2022 (and wells 4-8 in Q2) they are smoking some of WA's finest illicit substances. If they didn't submit applications 2 months ago (which i'm quite certain they haven't), there is no way they will be drilling those other wells that soon.
I am very keen to hear more about their "rolling permit submissions". I would have thought they would have, at least, another 3 submissions in by now.
To be quite honest - the management of BNL have done sweet f@#k-all since they hiked their own salaries. There appears to be a lot of planning, initiating, and preliminary work going on, without any actual work getting completed. The only positive news flow is stuff that somebody else has done - COGCC reviewing application, lease-holdings confirmed (from work the prior MD completed).
BNL Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)