Fully agree. Why take management's time on a commodity business with commodity margins when you have a technological competitive advantage that will command a premium? TM and EC, while good assets, are in the portfolio to enable HTL to be commercially demonstrated. Very lengthy and capital intensive way to demonstrate HTL. I had this discussion with David D. back in the day and always thought midstream was the best model and quicker to implement....or JV into an existing operation to gain line of sight to the resource that could then be bankable . Well, Carlos is a bright guy and has IVAN laser focused now to deliver. I look forward to the first HTL deal....TM and EC are a sideshow that will also come through, but the big kahuna is HTL as a service.
Hi focused4, did you remember when Talisman sold Tamarack to IVAN, part of the deals was IVAN got to update to Talisman on the HTL processed ? And now on Dec 9-13 Ecopetrol and Talisman announce the commercial of Akacias heavy oil block CPO-09. HTL in the work ? some thing is cooking , do you think so ?????