6th month milestoneFrom Q3 that no one here mentioned yet.
Before a pause for the workover described above, the CTI had been operational for seven consecutive
months, something that has never been achieved before.
The Company successfully injected power into the transmission lines for over 200 days prior to the
workover, a significant milestone. There was sustained heating of the formation around the RF XL well prior
to a pause in operations for a workover.
Oil production from the RF XL Pilot well commenced in April 2022 and continued during Q3 2022 with
shipments and proceeds recorded as an offset to R&D expenses.
Compared this with my tracking
- Got Jul 27th news that DTS problem, back in Week 20, 140 days, 5th month
- Got Aug 3rd Youtube update heating , Week 21, 147 days
So with the Q3 info
- 200th day (or mid Week 28 or 7th month) is approx Sept 25th closing out Q3
- > 200 days is entering October timeframe or Q4
Does this mean AXE has met the 6th month threshold to begin compiling 6 Month milestone pilot reports for the Gov and Oilsanders sponsors ?
If successful, next on deck is demostration scale at producer's site?
Submission of reports will release final sponsor $, and registers revenue on the balance sheet.
Would CTI be consider sales/revenue to a producer's demonstration site?
What do you guys/gals think?