Another well/drilling permit for Next Bridge Hydrocarbons has been added in West Texas.

CPlant reported this news on X, credited to Chad:

Next Bridge now has a total of 8 wells on the Johnson leases and a total of 6 wells current permitted.

Their agreements require a certain amount of new permits and drilling each year to stay in compliance. The more drilling they do — and can afford to do– the quicker the proving the oil reserves will occur. This will lead to a faster asset sale, and hopefully a quicker dividend for shareholders.