Ann: Cervantes Letter of Intent signed, page-14

I'm equally in the dark, but it makes sense to me that a GSA will remove the remaining risk. If they can get a pre sale component in and sort out an infrastructure deal, the market can't ignore it. Only thing holding it back is funding imho...as Cervantes takes a fair chunk, but as it currently stand they will need a fair chunk for infrastructure and completions. Pre sale would likely cover completions, infrastructure deal would cover the pipeline, and existing cash would cover Cervantes and admin to first production. The uncertainty just needs to be removed by the actual signing of arrangements.