RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Predictions! As always, everyone do there due dilligance but for transparency here is the response from my recent communication (received last night)
We apologize, as we try to respond to all investors on a timely basis. We must have overlooked the email. Anyway, thanks for your note.
We appreciate that there has been a delay with the signing of the PSA, however our local partner, whom is new to the oil and gas industry, is completing a few internal items prior to execution of the PSC. We are likely looking at mid July for completion. Thanks for your patience.
Ignore the first comment, i sent two emails over past two years and never got a reply so i mentioned that :)
So sounds like they are new to the industry, and the "administration issues" relate to our partner. It is a rather large change for any organization to make an investment of this sort into a new industry - my assumption would have been all internal requirements would have been completed before we were awarded the bid - however that is not the case.
Sounds like we are a few weeks out still.