NYSE:IVAN.WS - Post by User
Post by
hrockon Feb 03, 2010 1:14am
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Post# 16746649
IVAN onna Yahoo BB
IVAN onna Yahoo BB
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https://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_I/threadview?m=tm&bn=9866&tid=344169&mid=344235&tof=47&rt=1&frt=2&off=1
Talked to one of the Contact Persons
2-Feb-10 11:15 am
I just talked to one of them. That estimate of 4-12 B is just for about half of their alloted field in Ecuador. The field in Canada will probably start production or the target is for early 2012 and they plan to put a HTL facility there. The estimate of 4-12 means that it being heavy that you will probably get 20-45% of it if the oil results show that the oil is not overly thick. However, this only pertains to this particular site. The other half hasn't been given any estimates or even researched in depth yet. They will work jointly in partnerships with others but will not sell their HTL tech. to anyone. The final savings with HTL tech. is about 60%, much more than I thought. A very nice conversation and what I like is when they say to expect to hear something on a date they (Management ) come through. As stated more .testing wells will be starting up shortly. Very good relationship with Ecuador with very knowledgeable Management in place who have worked in the region for years. Other regions being looked ar as always.
The gentleman I talked to was David Dyck. He stated the field is 10 miles by 40 miles in area. Again, the area they are in pertains to only half of the area. The other portion not analyzed yet. This is where I think the CEO feels perhaps the highest total could reach up to 22 Billion barrels. Again to reiterate, he stated that production will start in the Canadian province around Alberta in early 2012. A lot of companies interested in partnerships and again HTL is ours and no one elses and of course it is patented. Good luck to everyone on this one. Hopefully, my grandchildren will benefit from this stock. I truly believe in this corporation
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