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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: JimisJim who wrote (124999)	10/16/2009 4:56:37 PM
From: Tommaso	2 Recommendations Read Replies (1) \| Respond to of 206176

THAI is a religion.

To: JimisJim who wrote (124999)	10/16/2009 10:55:47 PM
From: zebra4o1	2 Recommendations Read Replies (1) \| Respond to of 206176

My THAI comment was mostly a joke - but at little bit serious I guess. Looks like mentioning THAI in a post is as inflammatory as mentioning global warming. The economics of THAI have not been proven out with a commercial project yet. And lots of people remain unconvinced by Petrobank's THAI pilot. So it's not possible to talk hard numbers yet - it's all just opinions. But in theory, at least, THAI should be much cheaper than SAGD. In the past, PBG has suggested half the capex and half the operating cost. The big savings is supposed to be having no water handling facilities, i.e. steam generators, etc. And then the claimed bitumen recovery recovery rate is 70-80%, much higher than SAGD. Plus, the bitumen is partially upgrades. So, yes, the whole point of THAI is that it would be much cheaper than SAGD - if it works. But I guess THAI's savings on natural gas costs is not a great sales point at the moment.