Ann: Exploration Update, page-66

BNL has put out that a number of wells will be drilled in the current quarter. Hopefully, this will happen and we will get some announcements by the end of June. 14 drilling permits submitted and it looks like 5 have been permitted - including 4 for the JV. The JV seem to have an advantage in getting wells permitted quickly it would appear.

Not sure if they have any planning in place regarding commercialisation of any gas found at this stage. One would think that some thought has gone into that though.

Blue Star also expects to submit a further five Form 2A well location applications during Q2 CY2022
on the Voyager prospect. The selection of these well locations is heavily informed by the helium
bearing gas column identified in the BBB#1 water well (see BNL ASX release dated 17 November
2021). As a result of the permitting strategy and related activity during the current quarter, Blue
Star had, at quarter end, an interest in 14 wells that are permitted or under permitting:
 Enterprise: 1 permitted well (Enterprise 16#1, 100% interest), drilled in February
 Serenity (AMI): 4 permitted wells (50% interest), Sammons 315310C well expected to be
drilled in Q2 CY2022
 Pegasus: 2 wells under permitting (State 35 and State 36, 100% interest)
 Galactica: 2 wells under permitting (State 9 and State 16, 100% interest)
 Voyager: 5 wells under permitting (100% interest)