As per top of page 37; "The Refinery will be located 20 miles northeast of Fort Stockton, Texas, near the Sulfur Junction spur of the Texas Pacifico Railroad and in the Permian Basin. We have obtained an option to acquire the land necessary to construct the facility. The exercise price of the option is $275,000, and the option term runs until October 1, 2017".
Nice find 'CEO,s'
"First- the land is an option to purchase up until October 1st, 2017. This can be used in the application of a permit as it is a right to purchase".