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clock Created with Sketch. 17/10/23
11:33
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Originally posted by Skronkman:
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I haven’t read the quarterly yet. I believe we should all be careful of what we think when we read the term “initial production”. As it hasn’t been defined by BNL specifically I believe they are actually saying they will have at least one well “in production”; this has a specific meaning in the industry that simply means, something along the lines of “we have a well that is producing the product we’re looking for” and nothing more. Nothing to do with refining it, bottling it or selling it. Having a producing well is great but don’t confuse it with producing a final product that is ready for sale unless we are lead to believe otherwise by BNL. The first sale will be quite a bit further off I’d wager.
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how about you read the quarterly then? it mentions dicussions are ongoing with SEVERAL parties regarding offtake agreements. Ive stated this previously, between now and xmas are going to be company changing months. We now have the money in the bank and we have been down at these SP levels already this year. As always DYOR
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