RE:CEO: CTI Power Electronics COST is LESS THAN $1 / WATT !The Q&A session elicited Geoff's reply with the "sub $1 / W" portion.
The Questioner obviously knew something about SU ESEIEH project to ask Geoff to compare difference in respective technologies.
---- Off on a Tangent -------------------------------
Not mentioned by Geoff (but from my notes, so beware that grain of salt)
ESEIEH project run by large US defense, aerospace and semicondutor contractor,
RFXL project run by humble penny stock siesmic software developer turned RF decarbonization experts
ESEIEH ~$108mm CAPEX project
RFXL ~$27mm project
ESEIEH first crack was 12.5m dipol antennea
RFXL Marwayne was dual 800m RF injector lines
ESEIEH first crack heating lasted (measured in hours)
RFXL Marwayne according to what we heard, 7 mo of heating, 6mo continous heating, there were intermittancy intro to mimic renewable but unreliable energy sources
ESEIEH™ recovery process is controlled heating of a bitumen reservoir to a temperature range of 40-70C combined with injected solvent
RFXL heavy oil reservior and we still don't know the incremental reservior temperatures reached
ESEIEH as I understand produced (accidentally?) small amount of oil flow but this was not the objective (??)
RFXL produced oil within 4 weeks of turning on heat, but we don't know how much abs bbl, rate bbl/d, , etc
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CTI POWER OUTPUT at ANY FUTURE BITIMEN RF XL RECOVERY PROJECT will REQUIRE a LARGE INCREASE from the present pilot of 2MW.
No surprise here Z, actually this was already expected, in the 6-10MW range for bitumen. I believe its on AXE website too.
* EXPLAINS CURRENT SAGD OPERATORS LACK of INTEREST in RF XL
In my mind, absolutely all businesses in the free world welcome incrementally lower capex and/or opex via process improvements or technological innovations, etc.
ESEIEH accodring to Geoff was multi $n/W (interpreted to be $2, $3, $4 ...YIKES)
vs
RFXL sub $1/W (interpreted to be $0.50 to $0.90/W). Outstanding.
So how can you therefore conclude your last line??
EXPLAINS CURRENT SAGD OPERATORS LACK of INTEREST in RF XL