My understanding was that our first permit was submitted some time around August 2020 (first encouraging results of Enterprise were a year prior) with a general guide of around 3 months to drill. Whilst at that point we really only had the data on Galileo and Enterprise as you mentioned (our big p50 resource update came in December 20 for memory) however we certainly had some decent atmospheric data off of these two locations. Saying "we had to get the drill into the ground ASAP" is more speculation than facts. Given they had to resubmit the permit early this year and still chose to go ahead with Enterprise rather than change it, gives me more reassurance that Enterprise is a good starting point. All TBD of course.
BNL Price at posting:
5.8¢ Sentiment: Hold Disclosure: Held
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