RE: BNL SHARE OFFER RESULTS29 Jan 2026 09:48
FYI 😉
Nope wait for BNL December 2025 quarterly activities and cash flow report is due by January 31, 2026, and hasn't been released as of January 29, 2026, so updated figures aren't available yet Bens_sipp ...
No Evident Liquidity Crisis ...
Company announcements and presentations emphasize a de-risked development model through the 50/50 JV with Helium One Global, which shares costs and revenues. Helium One funded the initial US$450,000 for six development wells, reducing BNL's capital exposure. Operating costs are estimated at ~US$13/Mcf of sales gas, with a capital-efficient lease strategy for equipment (e.g., IACX helium unit, Kinder Morgan amine unit) minimizing upfront outlays. No announcements indicate funding shortfalls halting operations—production is underway, and revenue is imminent ...