great newsletter, page-9

What you can take from the newsletter is that icn did no in principle agreements to be negotiated upon signing the GSA
The gsa has not brought out a takeover suitor.
icn are undertaking business lockstep.
its taken 12 months to realise the gsa and there are no partners or buyers or jv suitors in principle or otherwise.
it looks like they have just started to flush them out, you can do 2 things at once
they are undertaking their drilling program with the same level of expertise as their last program
On the plus side they announced they have a gsa, they have some tenemants ,they are going to start drilling , they can get the gas from anyone anywhere.