TSXV:WEE.H - Post by User
Comment by
stag15on May 29, 2013 9:52pm
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Post# 21459235
RE: RE: RE: RE: RE: RE: RE: Cerro Dragon
RE: RE: RE: RE: RE: RE: RE: Cerro Dragon I disagree. As a industry person, only about 2-3 years max is needed to prove the tech. Unfortunately, I think the major hold up is the 25% average production increase. Most other technologies (while more expensive) offer much bigger returns. CO2 will increase an existing waterflood by 500-1000%. A ASP flood will increase an existing waterflood by 100-200%. These technologies/process have a much longer track record, which WEE is up against. While WEE is significantly cheaper than the two above that I mentioned, it doesn't offer the big production boost that many public companies are looking for. International companies who don't have ASP/CO2 expertise or infrastructure see WEE as a much more viable option.