RE:RE:Energy Tech Ventures - ConocoPhillips Canada is PART of the PATHWAYS ALLIANCE so they will NOT ENGAGE AXE on a ONE-ON-ONE BASIS
- the EXECUTIVE CHAIR of Pathways Alliance is Derek Evans who was EX-CEO of MEG Energy
* he is VERY SMART and FOCUSED {also an ENGINEER} so YOU CAN BE SURE that he will TAKE a HARD LOOK at the
RF XL TECHNOLOGY IF the ELECTROMAGNETIC POWER INJECTED is SUFFICIENT to MOBILIZE BITUMEN in the UNDERGROUND RESERVOIR
- in my OPINION, AXE is BETTER OFF TRYING to OBTAIN FINANCING with SOMEBODY like GREENFIRE RESOURCES LTD. (GFR-TSX) who are NOT in the Pathways Alliance CCS NETWORK
- FURTHERMORE, their TWO SAGD sites {EXPANSION +DEMO} are MORE ACCOMMODATING to the RF XL technology since they are TIER 1 RESERVOIRS that HOLD RESERVOIR PRESSURE VERY WELL
* the TOP and BOTTOM LAYERS of the BITUMEN PAYZONE are NOT as CONTAMINATED with WATER that READILY LEAK RESERVOIR PRESSURE as HEAT (steam + propane) ENERGY is INJECTED
* therefore, LESS HEAT ENERGY is REQUIRED to PRESSURIZE the RESERVOIR to MOBILIZE BITUMEN and the PRESSURE SLOWLY DECLINES
- the GREAT ADVANTAGE of this is that UNDERGROUND PUMPS are NOT REQUIRED {UNLIKE the MAJORITY of SAGD PRODUCTION SITES} and the BITUMEN FLOWS OUT of the RESERVOIR JUST BY MAINTAINING the RESERVOIR PRESSURE AT a CERTAIN LEVEL
z173