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

To: JimisJim who wrote (125040)	10/19/2009 1:59:52 PM
From: zebra4o1	1 Recommendation Read Replies (1) \| Respond to of 206184

Jim, Yes, THAI is a patented process, and PBG is hoping to make a lot of money with it. Not sure exactly what their business model would be long term. But it appears that the process is complicated enough that, for the moment, the joint venture model works best. But maybe at some point, expertise will be widespread enough that they can just do a straight license? Obviously they have to price things so that both parties share in the rewards + risks. It is PBG sacrilege to say this, but I can't see how the patent protection alone on THAI is going to help them much. Fire flooding is obviously not a new idea, and people are already doing THAI work-arounds - Execelsior for instance. And if things works out anything like my biotech investments, by the time they get all the bugs out of the process, the patents will be about to expire. But the joint venture approach looks promising. Lots of languishing oil sands and heavy oil deposit out there. And it looks like PBG will be able to put their own money into these projects, not just be a technology provider.