RE:Any comments to this Jordan news ?????Interesting article. Positive on one hand; some negative on the other.
The first question that came to mind is Questerre promoting the Red Leaf technology? Is this why they are over there? Were they approached because of what they currently do? Or is Binnion out there looking for opportunities? Connections of one of the board members? Guess these are questions for the investor relations department best to answer (unless someone on this board may have some insights).
The item I would list as part of the negative (for lack of a better term) is the political instability in the region. Whatever QEC may be doing over there may be impacted by investor nervousness in putting money behind ventures in regions like this. But would depend on what capacity QEC's involvement is. Advisory basis? As consultants? Promoters of currently technologies and practices? Or promoting/selling future technologies (EcoShale). I am interested to find out what this arrangement is about and what it could lead to.
Recently read an article that had me thinking about QEC and the Red Leaf investment. Talks about times like this as game changers. Uses examples from the past to show how invative technologies and companies emerge when industries go through periods of evolution. That the more expensive producers/projects may get left behind due to smaller more nimble companies using more modern/cost effective technology to emerge and advance (hope I have given the correct spin on things - but read the article to see how it may be relevant to QEC even though it is related to the oil sands). https://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/alberta-oil-sands-investment-slowing-down-after-price-collapse/article24470585/?cmpid=rss1&utm_source=dlvr.it&utm_medium=gplus
In a sense investment may turn to companies like QEC over time and away from the larger players if the ROR seems more attractive. If indeed the work they are doing to improve the EcoShale technology to bring it down to the $30-$40/bbl range, it could be game changing. If approved and it works, does it bring Quebec back online?