Big companies do LOI's all the time: example - pacific drilling and chevron -
HOUSTON--(BUSINESS WIRE)--Pacific Drilling today announced it has entered into a Letter of Intent with Chevron USA, Inc. for the ultra-deepwater drillship “Pacific Santa Ana” to operate in the Gulf of Mexico.
Great Stuff! ORFG going to be getting some serious attention in the coming days/weeks! IMO. I have been adding to my stash almost every day for the past week or so. Think I may add a few more today!