Ann: Significant Helium Discovery at State 16 Well, page-25

Would be useful to know what the 5 wells next in line are, then we can have a better understanding of the make up of the initial prospect potential revenue. (despite the clear discrepancies of views on this HC thread).

If for example BNL drill Jackson 5 next, and then State 35 representing 4-6% and over 3% helium respectively, then I would be interested in seeing that impact (I would assume a total 4 wells by year end) - also we need consider the multiples for the ASX which the average is I think 13 to get a read on SP by year end with a company such as this I would expect 14 - 20 times multiple would be ok?

I understand from previous BNL announcements that $750mcf is a reasonable number to use. Also I would be interested in understanding the forecast revenue for FY25 and beyond from the CFO now we have a commercial well and there is to be a focus on production revenue last CY qtr. The company should be informing us of that at its next market presentation.