Ann: NON-BINDING LETTER OF INTENT SIGNED, page-8

cougarproof, it's a non binding Letter of Intent "to continue negotiations with the possibility of, but not obligation to, reaching binding “Definitive Agreement(s)” to the development of gas in ATP 855."
"The intention of the LOI and Terms Sheet, is to record the interest of the farminee to farm in for the development of ATP 855, and associated Potential Commercial Areas (PCAs) and for the parties to negotiate and agree a binding “Farmin Agreement” and a “Joint Venture Operations Agreement” (JVOA) on or before the 1 December 2022."
They are the intermediaries, deal makers, not the prospective farminee.

I'm reading that in conjunction with several references from previous announcements, where they have been having
" Encouraging discussions with potential farmin parties", that RP Trust Inc (LL14922) (Party B) a Malaysian trust Company, have been hired to "get the deal signed". I'm an optimist. They've got until 1 December 2022.
Either way, I think that this will stimulate encouragement for those loyal holders in the Top 20 to maintain their loyalty and keep Icon going.
This is the closest they have been and in by far the best set of circumstances since Chevron walked in 2015.