Tecolutia permitingOnce IFR gets the permit for Tecolutia from the Mexican Energy Regulators, I think the stock should respond very positively, and after Simmons gets paid out on the first well, we will have a producing asset and then we can proceed to drilling the next exploration license on the block.
The uncertainty is the timing of this permit and just how many barrels per day Tecolutia will yield. I think the permit approval will come sooner than people expect.
DOC