The term sheet is being worked on whilst the FS is ongoing. The fact that locations have been selected gives me a bit of hope that they want this sooner rather than later. I'm hoping there isn't much lag between FS submission and approved term sheet. Who knows though, you could be right - though that delay could cost Shell 100 mill or so.
I was hoping for a FS in the meantime also, however realised that we probably don't have the capacity to do two at once, nor do I think it would be wise to upscale to do multiple at once, until we get this first one right at least.
I would love to know which multi national mentioned in the pres is interested in our tech, and which just use us for conventional works.
quarterly due soon, AGM next month (last AGM brought us the Shell teaser), 9 month FS milestone in January, revitalised BOD. A lot to look forward to imo.
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