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Re: fenixtx423 post# 1201

Friday, 04/04/2008 2:34:58 PM

Friday, April 04, 2008 2:34:58 PM

Post# of 2321
"Therefore the NPV of 1.2 billion is only valid if the bitumen comes out of the carbonate rock as easily as it comes out of the clastic rock."

And why do you suppose they said that? In my opinion and the opinion of most, they said it because it is already happening there at Shell and a host of other sites. I just don't see Norwest BETTING,ASSUMING or HOPING that they are right just to give Strata a good report. Take a look at Norwest's client list. Strata is a flea compared to others listed. They are going to guess, hope, whatever that they are right just to help out lil' ole Strata. Doubtful. In my opinion and the opinion of most they have contacted other clients and verified that extraction is easily done by mopre than one method. I could be wrong, but that would make Norwest wrong. Wrong by $1.2 billion. Seems unlikely they would stretch the truth that much unless they knew something. In fact, I would go so far as to say they DO know something.

T