NYSE:IVAN.WS - Post by User
Comment by
nodrogoowon Jan 14, 2010 4:18pm
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Post# 16680423
RE: RE: Question?
RE: RE: Question?i can dig up some older info on costs of plants if you would like,but not sure if it is specifically related to ecuador.let me know.
the revised cost numbers ,i believe IVAN stated,should be out sometime qtr 1 2010
(
Robert Friedland:
Thank you very much Mike and congratulations to yourself and to your team. Simpler is better - and great ideas are simple and easily understood.I know that Mike will be releasing more information regarding this technical breakthrough as and when our new intellectual property is secure. And we'll be incorporating these innovations in the work currently being carried out by AMEC of London, England, related to the front-end engineering and design, otherwise known as FEED, of our 20,000 barrel-per-day HTL facility. This design work, and related capital costs, will be ready late in the 4th quarter of this year, or early in the first quarter of 2010. So, it's ongoing and all these improvements will be included in those engineering numbers.)
( John Bastion:
My question has been partially answered - I was asking for the economies of the improvement in your technology?
Mike Silverman:
Your question was answered?
John Bastion:
Well, it's been mainly answered. I understand that you don't have a complete answer but you will come out with a complete answer by the end of the year or first quarter next year.
Mike Silverman:
I think it's fair to say that certainly by February we'll have a very detailed analysis of capital costs and rates of return and everything else. And we'll probably have some information way before that but we're just getting into doing the detailed calculations of the impact on economics. But it's clear to us that since of all the changes are directionally positive - it's clear that the impact on the economics will be extremely positive - we just haven't done the detailed calcs yet.)
https://docs.google.com/View?id=dfbpdbqk_191dnv3kjdq