Monday, November 17, 2014 8:03:40 PM
I can see how you can be mistaken to read into the language of the 10-Q that the AOT works. It is written a bit misleadingly, leaving the bulls wondering and pondering.
The Kinder Morgan lease agreement was signed at a time after the Transcanada lease was signed. KM might have been more receptive to testing it, because of that lease. Since the TC turned out to be a negative, I am not sure whether KM is as excited about testing the AOT as before, but they're bound by the lease.
Newfield exploration is a cash flow neutral agreement, as it won't lead to any revenue streams, it is merely meant to give the joule heating technique more credit.
Why wouldn't the company run out of money? What other sources of capital does he have? There are no revenue streams he can tap in. The only revenue that the company can hope for are orders from Kinder Morgan at this stage. in the meanwhile, the company continues to dilute and burn through cash, until it can't.
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