Ann: BBB 33 Drilling Completed and Rig Mobilised to Bolling 4, page-63

Good summary.

I suspect this is a hiccup (maybe a major one). Everything still seems to be moving forward and issues will get resolved.

We should see multiple wells in place by the end of March and this is not that far into the future.

It is a great buying opportunity at the moment - especially when there is more chance of an SP advancement than there was late last year.

I understand (and share) the frustration and disappointment of all holders - and accept that there are very valid reasons to criticise the behaviour of BNL over the last 4 years. I know I have posted my own gripes on this forum.

I have always looked at the end of March as defining where BNL is going, and it is too early to give up on the investment in BNL at this stage.

I can only suggest to holders that the option to just hang in there for another two months has its merits. I know that is not too much of a comfort to holders at the moment.