RE:Slide 3 AXE on 2019 Propel Energy Tech Forum I interpret the simulation graph to
1. normalize what sized RF XL system might be needed to match a 250m3/day steam injected SAGD system. So its saying it would take a 3 MW RF XL configuration.
2. RF XL was first to reach cumulative 1 million barrels of Bitumen and it took 475,000 GJ
while comparable SAGD reached only 726k barrels and used more than double the energy at 1,150,000 GJ.
3. RF XL reached first oil within ~30 days while SAGD reached about the same m3 within 150 days.
Therefore RF XL was quicker to reach first revenues, better project npv, irr.
4. The caption comes up with " RF XL produceds more barrels than SAGD with less than half the energy.
On another note, I image AXHeat v.1 was developed and calibrated to way smaller EM systems.
So now collecting actual data from 2MW Marwayne will set the stage for next gen AXHeat v.2-MW calibrated to newer EM sized Marwayne data. Looking for more AXHeat sales in future Quarters as a canarie for potential RF XL system sales.
I'll need a lot of patience, but I am also looking forward to another follow up "simulation graph" with Marwayne actual vs projected vs equivalent SAGD. Perhaps 500 , 1000, 2000 days ?!?