Post by
nanaimo16 on Aug 19, 2011 10:33am
just part of the program
I think the meeting result is on the correct road given the contoversy of Gas production. What is being asked of Bridge and Paramax seems to be reasonable, although I dont have all the details. It looks like 'tell us what you want' prevailed again. Protocol and a rulebook are required to be followed. Anticipation is key to saving time. "If your opponent moves, you move sooner" There is no war with the locals. They have every right to make sure that there is no threat at all to thier lives and the enviornment. This has to be guaranteed 100%, otherwise it doesnt fly. There is no 'sneaking' this thru. Bridge and Paramax most likley arent the best at bureaucratic judo. The enviornmental assessment is a given and I am surprised that this has not already been presented. Of course Bridge and Paramax can fiddle around with this for quite awhile until a bigger player takes over. Similar to a junior outfit finding a gold mine and being bought out. It has been presentes that the seperation between the gas and aquifer is substantial and there is no potential for contamination. This can be easily monitored now, during production and post production. I imagine a substantial bond will be in place. As far as having the $loot to pull this off, it is my understanding that Bridge has over $8million set aside for thier 50%. Paramax no doubt can raise the $Loot when the conditional approval is so tight it squeaks, or reduce thier take. In any event, I put people ahead of gas, and even a cow in a field. I am a small shareholder, cheers, N16