Gas prices are still good, just not stupid - 2.5-3.0x 2021 Q1 pries. 7-11x historical prices was not going to last long.
I think the proof of funds was definitely there when the deal was struck with the Finance company, but once transferred to MCF I can't see that as the hold up.
I think additional info required from the ADX side, as they extended the option (which also means they don't have alternatives - including own funds)
But, time will tell.
Ann: Welchau Gas Prospect Farmin Assigned and Option Extended, page-8
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