Acceleware Ltd V.AXE

So, this is interesting and encouraging for next year.

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Recent article in the Calgary Herald:

Varcoe: As COP28 agrees to transition off fossil fuels, oilsands majors unveil $10B spending plans
https://calgaryherald.com/opinion/columnists/varcoe-cop28-transition-fossil-fuels-oilsands-10b-spending

Excerpt from start of article

One day after countries at the COP28 climate summit agreed to transition away from fossil fuels, two of Canada’s largest oil producers unveiled capital plans to spend more than $10 billion next year.

 

It would seem that a coupleof Axe's existing partners in their Marwayne pilot, have big
plans with capital expenditures in the oilsands going forward in 2024. Would'nt it be great if Axe's RF XL tech could wind up getting a piece of some of this !?

 

https://calgaryherald.com/opinion/columnists/varcoe-cop28-transition-fossil-fuels-oilsands-10b-spending

 

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- I have READ the CAPEX budgets for both CVE and CNQ and there is VERY LITTLE MONEY for "INNOVATION" - ONLY CNQ is TRYING with a SOLVENT SAGD project: ^^^ * At Kirby North, the Company is moving forward with the commercial scale solvent SAGD pad development with the objective to increase bitumen production, reduce the Steam to Oil Ratio (“SOR”) by up to 50% and GHG intensity by

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- this is the SECOND SOLVENT SAGD project in Canada after IMO - MEG CEO DE in Q3/2023 CC said that they will CONSIDER SOLVENT SAGD in NEW DEVELOPMENT ONLY AFTER CURRENT FACILITIES EXPANSION (+15,000 bbls/d) to 125,000 bbls/d to be COMPLETED by 2026 z173

[ScarletSpider]

Regardless of solvent recovery these projects will be costlier than the one axe is currently developing. It seens frustrating that there is a process right here right now on the cusp and people want to do every other thing but further develop this one. Now the key is what Geoff said he clearly states it is tough to get industry players to shift off of what they already know works to something that

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z123, of course we all are free to choose a glass half empty or glass half full approach. I am always of the latter kind, sure it's been a long time but, I still continue to remain positive. It would seem there is going to be a lot of action from I assume, a number of different companies starting next year. Did you notice BTW, these two statements in that Calgary Herald article?  - On