TSXV:PQE.H - Post by User
Comment by
Blackwashon Aug 18, 2020 3:02am
122 Views
Post# 31421342
RE:RE:RE:Something is up with PQE
RE:RE:RE:Something is up with PQEA few observations picked up by foxm and DoN on today's QFI RNS... "the development of commercial MSAR plants of up to 10,000 barrels oil per day ("Phase 2")" Note they used the plural of the noun plant. So several, maybe even many commercial MSAR plants. Given the potential economics, it would be mad not to. "We will use this commercial trial to attempt to demonstrate a viable retail product direct from site. We will be seeking markets for this product at a premium above WTI pricing. If successful, this effort could provide outstanding economics for oil sands production through ordinary price regimes while enabling profitability through low or even crisis crude pricing." Producing something at $15 a barrel and selling it at $50 a barrel, that definitely corresponds to outstanding economics. And Note also Steve's comments about potential of using MSAR to enable the transportation of paraffinic crudes, which are notorious for being solid at low temperature. The POSP site is not paraffinic (it's sweet heavy bitumen). So this would be a new market and a new purpose for MSAR commercially, if they pursue it.