The 2 month moratorium on leases put in place by Executive order by President Biden relates solely to oil and gas leases on federal land or off shore waters. As I understand it, the BNL leases are not on federal land nor do they relate to oil and gas.
So the 2 month moratorium has NO application to the BNL application for a drilling permit.
We are now 2 months on from the new rules coming into operation for permit application. As far as I can determine no permit application has been lodged by BNL. One has to wonder what is going on! I would have believed that the material required to complete a permit application would have largely been assembled by the company in the period from 28 July last year until 15 January. whilst some of the material required to be lodged could have changed for the post 15 January 2021 permit application, I think most people would have expected that this information could have been assembled and included in a revised permit application in a period of 2 months. One can only wonder what is going on, it seems appropriate for the company to provide an update to shareholders, confirming:1) the lodgement of the permit application; and 2) how long it is likely to be taken to process.??
BNL Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)