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Re: xxxxcslewis post# 285885

Wednesday, 09/09/2015 11:27:24 AM

Wednesday, September 09, 2015 11:27:24 AM

Post# of 312015
Only we've known for years now that a 3-5 day run will not suffice, as it doesn't cover the downtime required for clean-out and maintenance. Remember the 3-day ..ahem.. "audit" that was carried out and ...ahem.. "concluded" that P2O was viable and produced $110/bbl oil at a cost of $10/bbl? Not only was it full of assumptions that JB fed to the people performing the report, but it assumed that the uptime of 100% during 3 days could be extrapolated to 300 days. Bad assumption.

P2O isn't viable. Everybody knows that by now. Heddle is following in John's shoes and misleading shareholders, again.

The pilot will not happen, and P2O will declare bankruptcy, and Heddle will resign. And then the $100k that I had invested that is now worth $3k, will be worth $0.