This news is interesting and very positive; however, given the past history of these types of news releases, one must ask several questions:

1) What form did the approval take? Is it verbal? Is it contractual? Can this contract be made public? Will we hear any sort of announcement from the Libyan government? What about the "decree"?

2) The feedstock source is obviously essentially to the operation of the plant. Why build a plant if there's nothing to process? Does Libya regulate/nationalize its oil supplies? Will the government be able to dictate the pricing through its monopoly on the feedstock?

3) An acceptable site and long-term financing... not too worried about either of these... I have faith that there will banks lining up to provide financing for such a project in a relatively closed country.

Positive moves.... let's fix financials, get the COB, and move back to the Venture exchange so the company can raise some real capital here...