From the CEO Directly Mid January 2016
Thank you for reaching out and your support of BlueFire.
The drop in oil prices is definitely a hiccup that we are dealing with but at this point it has not stopped the Chinese from working with us. They appear to view the current market as a temporary rift and not a long term systemic breakdown. In addition we are seeing some resolve from China to actually perform on the climate change and pollution reduction goals being set forth.
We currently are solving some remaining issues with the Chinese which are the remains equity to close the transaction and a revenue guarantee. China Three Gorges may be providing the remaining equity and we are talking with other funds as well. In addition we are working on an insurance product to provide the revenue guarantee.
The process with China has taken some time and will take some more time to resolve but the Chinese remain involved and are still working with us.
I hope this answers your concern and feel free to reach out if you have any more questions. I'll answer as best as I can. Thank you.
Richard Klann
BlueFire Renewables
"We're all entitled to our own opinions, just remember there's always something to learn from anyone at anyplace at anytime!"
"Rome wasn't built in a day"
