Management blamed for this and that but from snippets from the annual report and a recent announcement:
..continued to amass prospective acreage in Las Animas County, Colorado, taking our landholding to 271,960 acres gross (193,908 net). This also culminated in a significant increase in the Company’s Prospective Helium Resources through the year.
...our permitting process was slowed as this new framework was enacted.
implementation of our rolling permitting strategy is in full swing.
Mr. T. Spry, BNL's new CEO, - is recognised as one of the few highly skilled helium explorationists in the world...
Blue Star is focussed on rapidly advancing further drill planning and permitting across its key prospects for CY2022, including a mix of both exploratory water wells and helium exploration wells (which can be completed for production).
The rapid increase in oil and gas industry activity given recent global events has resulted in increased demand for rigs and crew.
There are disruptions, demands and delays on all fronts - including testing processes. Nevertheless work is continuing albeit at a slower rate than perhaps anticipated or slower than some shareholder's expectations. Results will come when ready, some things can't be hurried and are out of management's hands. Hoping for some great results.
BNL Price at posting:
3.9¢ Sentiment: Hold Disclosure: Held
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