I too think their will be a CR or perhaps a loan, but I don't think it is imminent. I think there will be adequate funds to drill one if not both of the wells, but not enough to get to production. Hopefully they can get good results from the testing of the first well and then do a CR or maybe even a loan based on good results and a low cost income stream just a couple of months away. Good results with an income stream just a couple of months after would surely give the SP a solid lift before a CR if it is needed. It will be an interesting few months ahead, and hopefully no delays; but given previous history I would not count on it.
BNL Price at posting:
3.0¢ Sentiment: Hold Disclosure: Held
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