It’s good to read some genuine contributions on here.
I think most answers are in the 5B. Blue Star still has institutional investors willing to pick up shares at a discount, probably investors already holding. Blue Star is looking to farm out Galactica Pegasus. Finally, Blue Star won’t be spending much on well and/or field development, leaving that for a third party to develop.
In this scenario, we will end up with a diluted SP, moderate income from third parties and Sammons CO2, but hopefully the stability to develop future wells. Hopefully this will see the SP slowly rise.
Ann: Significant Helium Discovery at State 16 Well, page-191
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