BNL blue star helium limited

It’s good to read some genuine contributions on here.I think...

  1. 211 Posts.
    lightbulb Created with Sketch. 102
    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.

    https://hotcopper.com.au/data/attachments/6375/6375127-6afc31a850192973a0880c6548af1791.jpg
 
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