Monday, July 21, 2014 6:22:15 PM
Again, some highlights about the TransCanada contract. I called IR and got some feedback.
1. They were due to give notice on the existing contract anyway as that was stated in the previous 8-k. Simply put their time was up.
In my opinion-They will be announcing another lease and/orders by the October 15, 2014 date listed on this 8-k. They are simply giving notice.
2. TransCanada explicitly says that the testing is still "ongoing."
Chances are they are going to move the unit to continue testing it on different types of oil, which will generate a new lease or orders. Exactly what Gregg said they would do.
This is a positive. Period.
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