Ann: Continued Progress in Voyager Development Permitting, page-46

Hi Floydsimmo...Many Thanks for stepping up and giving all of us your break down on your views.

●Total Revenue for Voyager's area only using the lesser Net Helium contingency resource 643,000mcf ,
●(and Not the higher contingency 1,228,000mcf figure in the Voyager field table announcement posted above in my previous post )

●Which is based on one well that has Located a 134ft Net Helium gas Reservoirs in a Helium Fairway at 8.8% Helium.

●BNL have indicated on the Voyager field table above that the leases around Voyager are now 25% bigger now to the earlier contingency report that was done. Before the 25% increase.

●Total Revenue at Voyager only using your estimate of : 643,000mcf x $3,000 = US$1.929B

●Total expenses ( Trent has indicated In a radio interview ( to achieve 99.9995 grade Helium is less than
$270/mcf x 643,000mcf =US$173,610,000
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●Now I am using (3C) 1,228,000mcf contingency resource from the voyager field table( based on the voyager leases now being 25% bigger as indicated in the voyager field table.( keep in mind our voyager lease has increased in size by another 25% after the initial contingency resource was done )

●Total Revenue at 1,228,000mcf x $3,000/mcf == = =US$3,684 Billion Net Helium resource at 99.9995 grade

●Total expenses $270 x 1,228,000mcf = =US$331,560,000 million
( over about 19 years Period )

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●Now BNL'S PSA processing plant can only process 2Mmcf/day raw gas at 8.8% Helium gas composition ( which Trent has said depending on the flow rate/ well , will determine how many wells we need to connect to the PSA plant to meet the 2Mmcf/day volume, could be 2 to 3 wells or 4 wells need to be connected to the PSA processing plant.

●Which should produce = 64,240mcf/ year helium gas at 98% purity then will be converted to 99.9995 grade Helium and sold at + US$3,000/mcf

●Total Revenue/ year at Voyager area only for one 2Mmcf processing plant installed is 64,240mcf x $3,000 = US$192,720,000 million -
●Total expenses 270 x 64,240 = US$17,344,000M

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●1,228,000mcf - 64,240mcf/ year = 1,163,000mcf Net Helium gas balance remaining in resource .

● Life in years of extracting Helium From Voyager Prospect area at 64,240mcf/ year is approximately
1,228,000mcf ÷ 64,240mcf/ year = 19 years life of mine.

Or

●To extract more mcf / year we need to drill more wells into the helium Fairway Reservoirs and install more 2Mmcf/ day processing plants and then we can generate more yearly revenue for BNL shareholders , which will also reduce the life of the mine.
●BNL also has 74 well permits in final approval stages for Galactica, Pegasus, Serenity and Enterprise areas ,

●Massive Revenue Potential for BNL Shareholders and
MASSIVE...Share Price and Market Cap rerate coming .......lol ....

DYOR
GLTALSH

256lith