BNL blue star helium limited

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"At this stage no indication from management that 1) the permit...

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10/03/21

11:04

Post #: 51653368
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Originally posted by TheInvestor2: ↑

On 28 July, BNL announced to the market that it would take 4 months or so to obtain a drilling permit for Enterprise. 9 Months later, management have yet to submit a drilling permit application.

I appreciate that their were changes in the rules that came into operation in January 2021. However, they should have finalised and received their permit prior to January 2021. The rule changes were 2 months after they should have received the permit.

As other posters have indicated, every day that passes costs money having to pay for the ongoing lease arrangements. Secondly, as oil and gas price have increased recently, the availability of drilling rigs will drop and the cost will go up.

At this stage no indication from management that 1) the permit has been lodged ; and 2) how long it is likely for the permit to be approved. I have no reason to believe that the revised permit application will take less than 4 months to be processed. That is likely to BNL to early July 2021.

We need an update from BNL of what is happening, as it appears that a whole year has been wasted!

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"At this stage no indication from management that 1) the permit has been lodged ; and 2) how long it is likely for the permit to be approved."

imo when that indication comes, it may be too late to buy this dip.
Iincreased holdings 70% on this dip.

BNL Price at posting: 3.2¢ Sentiment: Buy Disclosure: Held
11 Upvote

2 Great analysis

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(20min delay)
Last 0.5¢		Change -0.001(9.09%)		Mkt cap ! $13.47M

Open	High	Low	Value	Volume
0.5¢	0.6¢	0.5¢	$45.15K	9.007M

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No.	Vol.	Price($)
2	514861	0.5¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
2	514861	0.005
28	23151160	0.004
9	15476669	0.003
6	20032500	0.002
5	29805000	0.001

Price($)	Vol.	No.
0.006	3604481	9
0.007	6906658	15
0.008	12112729	27
0.009	4080033	12
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