and always wondered: is there really going to be a lot of demand for their patented heavy to light process?
With all the new sideways drilling technology- old oil wells are re-yielding huge unexpected amounts of petrol. Heavy sands oil might not be worth the purification process now.
here is an article published 1 day after my above post:
from Jocelyn August: Top Five Catalysts for Small-Cap Energy Equities
TER: Ivanhoe’s Tamarack is a heavy oil play north of Fort McMurray in Alberta, Canada, but a lot of investors have gotten out of the heavy oil sands plays. Would a catalyst for Ivanhoe have had more impact a few years ago than now?
JA: A couple of years ago, when the price of oil was higher, it would have had a larger impact. Investors have gotten out of the heavy oil plays because it costs more to get that heavy oil out of the ground than to get some of the lighter oil out.
Great find Zodoo
That really sums It up for morons like you
Current Crude WTI = 104.26 per barrel
What were you saying about oil price idiot ?
Also, there has been an Influx OF Companies Into the tan Sands,
Zoo troll, you need to actually know something about the Industry before you can bash it
You see, that is Why I have a boat and you don't
Does quite a while mean since May 7, 2o013, you imbecile Ed Silvestri.
To your dismay there will be plenty of demand for HTL - just sit and watch and see - what else are you going to do with your life, you have nothing else.