RE:RE:RE:Q3 reviewNo I wasnt praising the late start. but I am happy they didnt break the bank to get things running sooner. often when timelines get messed up the company forks out a lot of extra cash to get the work done on time.
given the current environment (Oil priced less than $50) I'm happy to see they didnt do this.
As for the working capital loan, that's what it's supposed to be for. working capital. it's very normal for a company to obtain one once production begins.
and Yes, it's important to showcase our best in class extraction technology.
If it works, I am certain there may be more money to be made in selling the technology to others than there will be in the actual production of our own oil.
and Yes, the NDP government is probably the best thing that happened to USO. if they put in environmental regulation this means our technology is that much more attractive to potential buyers of the technology.
can you imagine if the NDP government banned tailings ponds starting in 2025?
USO would have a lot of people knocking on our door looking to buy.
Not that I expect this to happen, but if it did, USO becomes more valuable, while other oil sands companies become less valuable. So I say bring on Environmental regulation.