co-op wellsDoes anyone know if Inception has any type of gas handling agreement or pipeline infrastructure etc. If they are building standed reserves, the only benefit to BBI is delineation. Dlineation is good, but our realised benefits will be minimal.
As to the executive letter, it was a bit over the top if you already had a cynical view. Apples don't equal Oranges, but it puts a dream in the investors thoughts.
I have been involved with several "firsts" in the Alberta oilpatch over the last 30 years or so. Some worked, some took a little more effort to make them work, and some never did work. My gut tells me this WILL work, but will need some finesse. After that, the sky is the limit until someone else manages to find a way to use the technology in a way that patent laws won't be infringed. I'm sure there is some engineer out there right now trying to reverse engineer this product. If we don't grab market share with it now, we never will.
I'm gonna stay the course only because of the land position that Blackbird has. I will consider the Stage system as a perk, but as far as thinking that Saudi Aramco would buy Blackbird for their pidly 10% ownership of Stage is rediculous. It is far more likely that they would just buyout Stage therebye owning 90% of the technology without dealing with government approval and stopping the rest of the competition from using the system.
Either way, good times ahead for BBI shareholders. This hiccup is over IMO
Good luck to all!
Steamy