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Gold/Mining/Energy : Oil Sands and Related Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Metacomet who wrote (16214)5/15/2007 8:07:14 PM
From: Land Shark  Read Replies (1) | Respond to of 25575
 
>Everything about PBG remains unverified. A fantasy

PBG is NOT Enron. You can't call it a fantasy, unless you have proof that their operating some sort of scam.

It's also not a question of how much bitumen is in situ, but their ability to extract it economically in a timely fashion. There's no question that they have lots of reserves up there. The oil sands are overflowing with it. If it was a conventional reserve, I'd be calling for a reserve analysis. They had bigger fish to fry there (i.e. proving up THAI). Perhaps some conservatives on the patch would say this effort is a waste of capital, that they should focus on SAGD and proving up the reserves. IMO, that's not how revolutions are started.



To: Metacomet who wrote (16214)5/16/2007 2:21:54 PM
From: Thai1on  Read Replies (2) | Respond to of 25575
 
"Everything about PBG remains unverified. A fantasy."

"Show me where the problem with my opinion is, other than with your fantasies."

*****

*THAI has been online since last July and is producing much higher volumes of liquid, now with greater than 50% oil cut, than computer modeling suggested.
*Three well pairs are on line, with three more to be drilled this year.
*There is verified evidence of significant insitu upgrading of API.
*NG use is virtually nil.
*Greenhouse gas production is half SAGD.
*Industrial grade water is a byproduct of the process.

Please tell me which of the above are unverified fantasies?
T1