They have said that it is hard to find drilling contractors. Today they say:
The rig, crew and operational team are the same as those used on Blue Star’s three recent
discoveries.
BNL need to explain what the logic is of their drilling campaign to shareholders. We need gas produced and cash flow hopefully with leased production assets. We don't want to cap raise in 12 months time given financial market conditions.
Given that the gas seems to be there, I would have thought the strategy is for BNL to use the contractors that are available to him to target cash flow on a few producing wells first. Not keep using scarce drilling contractors for water wells now.
They have said that it is hard to find drilling contractors....
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Last
0.6¢ |
Change
-0.001(8.33%) |
Mkt cap ! $14.82M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.5¢ | $172.3K | 33.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 2410202 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 12208902 | 15 |
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| Last trade - 13.20pm 31/07/2025 (20 minute delay) ? |
| BNL (ASX) Chart |