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wshaw14

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wshaw14

Re: None

Wednesday, 11/13/2013 2:07:22 PM

Wednesday, November 13, 2013 2:07:22 PM

Post# of 2595
My guess is that short term sell off can be attributed to the time schedule change. "Steam operations are expected to begin in early January, with first oil production anticipated in the first half of 2014". Impatience costs a lot of folks a lot of money. Seen it many times.

I am thinking that the sourcing of the equipment is taking longer than initially thought, thus the wording in the e-mail from Horst.

"Again, keep in mind that a lot of equipment will have to be placed "on site," some of it even imported from the U.S".
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