Tuesday, June 10, 2014 10:17:50 AM
First, the pilot was pushed back a few weeks so I would adjust your end of July date to the end of August or early Sept.
Second, all we need to see is that TRP has decided to keep that one unit and continue to lease it. I think it's safe to assume if that happens orders will follow. However, they could simply place an order right after the test if that's what they decide to do, I think this is very possible (I wrote this in my long post a couple weeks ago).
Third, at the shareholder meeting Gregg talked about other midstream customers, as long as it was a different type of oil, so I don't believe that another midstream deal is off the table. But likely you are correct, others may wait for the pilot. Or it could be that Gregg believes it's prudent to get this test with TRP done first. I don't know for sure, but since we haven't seen the announcement of another mid stream pilot or deal, then it's probably safe to assume they are waiting for TRP.
Fourth, I also think the same holds true for upstream customers as the midstream ones.
As far as the share price in concerned, no one knows, but if forced to comment I agree with DPS on that front.
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