Here are the major takeaways from the public statement.
“…White Top Oil and Gas has granted exclusivity under an executed LOI [Letter of INTENT] with an [unspecified] Oklahoma-based investment group.” “...could happen as early as August 15, but those details are not yet finalized.” “…other groups still interested in making an investment, should this transaction not be completed.” “…our field well has been put on hold for the past few weeks,…” “…we have temporarily paused the development of the commercially-ready oil unit…” “…SonCav have begun work on their field water unit. Their exact time frame is not yet available"
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