RE:RE:February UpdateThe result of the strategic initiative was to remain independent. That strategy is, of course, based on present circumstance, not future metrics. According to Mr. Gillmore the team has innovated some designs that are applicable to the geology of Gear's wellsites. The question being what sort of production is possible in future and, by extension, what sort of supply/demand dynamic will the future unfold.
The most significant indicator of future hydrocarbon development is the dichotomy between the unhinged aspirations of the climate change devotees and the reality of energy demand. TMP is already oversubscribed, Canada will produce more oil in future and, to me, the soon to be realised benefits of unlocking the discount grip of WTI will prove irresistable to a new federal government. A government focussed on national interests.
As the failures of climate change initiatives become more apparent, the realities of base load generation force acceptance of hydrocarbons and the third world demands higher living standards, little producers like Gear will prosper.