I doubt anyone here can shed any light on the bod's closely guarded ip but if they could,they should probably sell it rather than tell us...what's the feeling in the industry with your colleagues? Opinion varies between skepticism and optimism on here...whole topic very intriguing and I for one will be very interested to see how much value it is given in any t/o
As for partners Amec are just a body shop supplying manpower to industry and Schlumberger being a service company are probably already involved and definitely up to date on all the latest recovery technologies . What confuses me is what do people think that this small team of XEL players have invented . What have they discovered that none of the massive players have not , or is it really the case of using technology that is already there . I am only in here for what they have found and what it is worth as I really haven't seen anything to say that they have done anything any different to what other players are currently doing regarding heavy oil . Though I would definitely be interested if anyone here can show the rest of us if they have created something outstanding . Interested as I do work in the industry and down in Basra atm.
After reading and re reading the RNS why couldnt this be a partner that wanted a fuller picture in order to supply equipment optimised to repeat the successful EWT elsewhere and use this as a modelling platform, we will take your info develop our process technology to optimise your process seperation dilution heating and pumping to provide a ready made package for other HO producers that we can by virtue of integrated design in turn place our own intellectual property rights upon and when we have this here's an additional 1M ? Amec ?Schlumberger?
1. Some assume that $1m is peanuts to a major, so why would they pay it? This is not how it works. Majors are tight.
2. It is also assumed by those anxious to move things along, that this is a partner/farm-in person. I would doubt it. Why pay upfront when it would all be part of an overall deal? It does not make sense. What makes sense is another heavy oil would-be extractor perhaps in the NS, but entirely possibly anywhere else. What this (great) RNS may be telling us is that the EWT data is of heavy oil industry wide application.
3. If I am right about 2, then we can look to further purchases of data from other punters.
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