Two areas of Concernhttps://www.imperialpetroleuminc.com/site/video/
https://www.kztv10.com/news/debate-stirred-over-1st-major-us-tar-sands-mine/
https://www.au.af.mil/au/awc/awcgate/crs/rl34258.pdf
Two concerns I have with this potential agreement:
1) First off.......this is a non-binding Letter of Intent.....note........NON-BINDING.
2) Arena and Imperial will sign a
sub-license agreement under which Arena
will have a
non-exclusive sub-license to use the oil sands recovery
technology for development of
a specific project in the
United States.
Non-exclusive and it is only for the US.
Until a definitive agreement is reached and the particulars viewed in written documentation........I will remain hesitant. No timeline was given for this LOI to expire......so......it technically could be years (not likely) before a real agreement is done. Just my input only.