....BBB #33, has been scheduled for drilling following the completionof their current job and is expected to spud in the week commencing 27 November.
The main rig is expected to mobilise following Thanksgiving with a target arrival during the weekstarting 27 November. Drilling operations are expected to take 6 to 10 days to reach planned TDdrilling depth. The well will be wireline logged at TD for 2 days after which the well will be flow andpressure tested for 5 days.
It is anticipated that upon successful testing the BBB #33 well will be completed, ready to be tied-in to production facilities being installed by IACX later this year.
Discussions for distributor and end user relationships are in progress
Actual results maydiffer materially from those in the statements in this announcement.Investors are cautioned not to place undue reliance on forward-looking statements, which speakonly as of the date they are made.
Expected time frame will be no doubt extended. One must love the reference to 'later this year' - how much later is this year going to extend to when the actual completion of any flow testing will not occur till mid December at the earliest. Discussions are in progress for what exactly - unknown pressure??
But of course there will be revenue prior to 2024. They are correct but the revenue came only from a capital raise. As for revenue from helium sales, particularly as they only anticipate successful testing but have no idea of outcomes, it's $0 from 2023.
Take your time management, no rush, that helium is not going away anytime soon - not before 'thanksgiving' or even the new year fireworks. Cold turkey for shareholders. AIMO
BNL Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held
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