Reply from Horst pretty much explains complications with information releases.
Dear Wayne,
Thank you for your questions regarding DWOG and the SAGD Project. I will reply to you as soon as we have clarified as to what can be made "public" within the constraints as mentioned below and/or what we can disclose without having to get permission from the other involved companies first.
Have a great week,
Horst
Clauses from the 2007 CAPL Operating Procedure, on “Public Announcements” and “Use of Name”
PUBLIC ANNOUNCEMENTS
Parties To Discuss Public Announcements
A. Party To Provide Draft- A Party proposing to make a public announcement or release under this Clause will provide the other Parties, by notice, with a draft of it for their comment not later than 2 Business Days before the proposed disclosure to the public. The proposed disclosure is subject to the Parties’ prior approval, which approval may not be unreasonably withheld. A Party that fails to object to that disclosure, by notice to that Party within that period, will be deemed to approve it. A Party that issues such a notice will specify the nature of its objection in reasonable detail and any suggested modifications to the proposed public announcement or release.
B. Public Announcements By Operator-The Operator will be responsible for the preparation and release of all public announcements and releases being made collectively on behalf of the Parties. It may issue a public announcement or release about an emergency without prior approval to do so, insofar as it reasonably determines that the Non-Operators’ prior approval of that disclosure is not feasible; and (ii) it limits the release of confidential information to that information that is required to satisfy the requirements of the Regulations applicable to the emergency or for other health and safety purposes arising from the emergency.
C. Regulatory And Securities Requirements-Except as otherwise provided in this Clause, any Party may make a public announcement or release under this Article about its involvement including disclosure in an annual report or other periodic report or presentation to shareholders or the public.
Use Of Name
No Party may use the name or trademark of another Party in connection with the financing of any Operation, the sale of any securities or the formation or promotion of any enterprise, without first obtaining that other Party’s prior written consent in each instance. A Party may refuse its consent to any such request for any reason it sees fit.
From: Wayne Shaw [mailto:wshaw14@comcast.net]
Sent: Saturday, December 07, 2013 9:06 PM
To: HASchmid@deepwelloil.com
Subject: A couple of questions?
Horst,
I got the following info (in quotations below) from another source, and was wondering if you could validate it?
I also am confused by production start in May. Not concerned and not in a big rush. But I have always thought that typical steaming was 50 days and a 10 day soak which would bring production start late march if the timeline below is used.
Also wanted to ask if, DWOG is making arrangements with Penn West to get core samples, mud-logging and other drilling data as the Penn West wells pass through the DWOG pay zone
“the equipment arrived from the United States and is in a storage yard in the greater Edmonton area. Apparently they will truck it up to the job site later this month, after the muskeg roads are frozen solid. They are "ahead of schedule" and it is a virtual certainty that they will be steaming by late January (usually a four month process) with first production by the start of May”.
