Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.PR.A

The investment objectives for the Preferred Shares are to provide their holders with fixed cumulative preferential monthly cash distributions in the amount of $0.05 per Preferred Share ($0.60 per annum or 6.0% per annum on the issue price of $10.00 per Preferred Share) until November 30, 2023 (the Maturity Date) and to return the original issue price of $10.00 to holders on the Maturity Date. The Company will invest on an approximately equally-weighted basis in Portfolio Shares of the following publicly traded Canadian banks: Bank of Montreal; Canadian Imperial Bank of Commerce; National Bank of Canada; Royal Bank of Canada; The Bank of Nova Scotia; and The Toronto-Dominion Bank. The Portfolio will generally be rebalanced on a quarterly basis, starting on September 30, 2020, so that as soon as practicable after each calendar quarter the Portfolio Shares will be held on an approximately equal weight basis.

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Big Banc Split Corp

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Comment by rehsifylfon May 09, 2011 1:08pm

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Post# 18549236

RE: RE: RE: Thermal Pilot

yes - thats what is says

First steam injection is expected to commence in Q3
First results from the pilot should be available near year-end

With CSS the steam cycles are fairly short. the Wells are likley being drilled as we speak.

The big key si the forecast recovery factor of 37.6%. Compare that to the 0.5-17% recovery factors that the 2P is currently based on for Patos - and you can imagine what the effect of a successful pilot with be on the 2P numbers.

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