Thanks for replying.  I now have an oil and gas attorney.  The status now is that  all the 27 heirs to the other unit in the production share agreement have to sign.  He reports that that is moving "right  along".  Drilling rig was supposed to move onto the site on 8/4  but instead learned of this PSA. No rig.  Also that company would be drilling no shale wells until after first of year.

Now I read that the company is exploring a sale of total  assets as in a PetroHawk type deal.  I figure its all set or no leak of this would have come out.

So, PSA or not, I figure will be a long time before I hear anything else.

The lease was expiring b/c of no production over the years..maybe it was cheaper for company to get permit, prepare a site ..to hold the lease then would be to release my unit? Unless this idea of a sale came up suddenly around August.  And do these things ever come up suddenly? 

If I ever get a copy of the PSA I will publish it so we can all see what these things are.  In the meantime I guess I not going to be "rich" quite yet.