Really bad news would be that the project has been rejected by the Omani government. Discouraging news is the beauracratic delays due to administrative ineptness, which is what we see (again).

This is a speculative investment in not the most stable part of the world. The gains may be high, but so is the risk. "No pain no gain" definitely applies.

The Omani government continues to express a desire to execute, albeit at a glacially slow pace. Our management continue to exercise persistence and prudence and has constructed a project that, if successful, will greatly benefit the long suffering stockholders.

My bottom line: continue to take the Omani government at their word when they say they want this project, and stay the course. Government ineptitude by a small middle east country should be no surprise. Even we, the leading free market economy in the world, can make dreadful mistakes (e.g. Solyndra, "Fast and Furious", etc.).