24 days gone Given that Iraq can cancel the deal within 30 days notice - which is coming up fast and there has been no news release stating that they have their licience. 24 days to get a yes or no!!! and release the news? is beond the companies capabilities.
Then again, share holders come and go, why would they care? But their backers, financed them because they had the rights to heavy oil in iraq, not because they purchased a drilling rig or purchased heavy oil sensing equipment, which are redundanted unless drill.
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I believe that the company (SNV) is going to have to report that they have lost their rights for the heavy oil but I can understand why they are not have any new release given that their bankers/backers most likelly require their money back.
On the other hand, if they do get it, I'll buy back in!! Oh having a drilling rig and heavy oil equipment is useless with out having the heavy oil rights!!!