RE:non-disclosure agreement@99>66 - In addition to what's already been said, FCU can sign NDA's with as many potential buyers as they choose. The more NDA's - the better - but obviously FCU will only give access to all the documents to qualified buyers. No point in me or you asking to see them but for a company that is deliberating on the merit of making an offer, it's a step in their due diligence process.
IMO Dev has to balance the need to "advertise" PLS to potential buyers with putting a sale off for as long as possible - or at least until shareholder value can be maximized which at this point most likely still requires additional drilling. It's possible that a single buyer approached FCU, and the decision to open the sale process to others was made.