QS Energy Inc (QSEP)

[moorea9]

This would be consistent with the fact that the first lease does not allow the additional 4 months needed for a second test. The first lease gave either an additional 2 months before expiration or an 84 months extension.

But, each month of delay for a fully fitted pipeline could cost (opportunity cost) :

500,000 barrels/day x 10% flow increase x 4$/barrel x 30 days =

6 M$/month

This figure dwarfs the small savings they can make here and there.

Why not a solution with a limited order to engage production + a second test...