Wayne
A great big thank you for keeping us well informed. As noted in an earlier post, I am more inclined to think that HCSS is going to be "staged" after the SAGD pilot, mainly due to the fact that the same equipment and crew can be used for both. So it makes much more business sense to get the first one off and running, then move the crew and the equipment to the next site to start work there, instead of paying for two sets of crews and equipment.
If they are drilling now, by the time they get the horizontal leg done and cased, and the steam plant built on site (takes about two months to build and install the steamer, even if it is a portable one, the delivery lead time is a few months) we will be coming up close to Christmas.
I don't see any economics in paying guys huge overtime bills over the holidays. So I am anticipating they will start steaming right after the holidays, which still puts them very nicely on track for Q1 2014 production! As soon as oil flows from here, I am looking for an announcement that they are moving on to HCSS.
Anyway, it's all good news, and I am looking for another nice dividend in 2014.
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