Monday, July 21, 2014 7:35:11 PM
“The justification for the early termination is due to the project working to expedite the required testing and believes the full term of the lease is unnecessary to successfully complete testing.”
TransCanada specifically says "due to the project working." And they want to speed up the testing. This is GREAT news. Clearly the AOT is working and they want to proceed further.
The 8-k also says:
"Data generated by, and results of the testing have not yet been determined." So they are not terminating the test, just the lease.
It's all very positive.
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