The first lease they ever picked up was over Enterprise. It obviously stuck out as a key permit in their overall leasing strategy being only 6 miles from Model Dome. The Ranch owner has clearly been very accommodating in getting us to a point where we are on the cusp of drilling. The water well result (26ft of gas bearing zone in the Lyons formation) is an incredible start and for me already stinks of a discovery!.
There is no doubting the attractiveness of Galactica and Pegasus having proven gas wells (never tested for Helium) sitting there waiting but all in good time!!! From where i sit we (glass half full) BNL has 4 discoveries waiting for first production!! Giddy the F up!!
BNL Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
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