how much do we need multiserv, page-4

My thoughts are:

2008 = Prove technology (check)
2009 = Commericalise technology

Things take time and we have to be patient. In 2009 APG needs to focus on getting the demo plant upgraded, getting some cashflow, then building the 60ktpa plant as soon as possible. All the talk of agreements with majors prior to having a full scale commercial plant (working at capacity) seems premature to me.

Lets take a look at the Multiserve agreement. There's always a new technology out there, its really up to Multiserve to want to have a look at it...and for them to want to be the test drive for the industry? Big call.

Those suggesting we force Multiserve to pay a fee to extend the agreement, best remember the position that we are in. We have no existing plants, we have just results from a demonstration plant. I can't see what position of strength, or burning platform, MT can use with Multiserve. We should be happy they are still interested.

Of course I'd like all these agreements to happen, and of course I'd like it if APG made lots of money and the SP rose, but 2009 will be a year of consolidation I think. 2010 will hopefully be the full scale 60k tpa plant. At that point we should all be happy.

Rgds,
FG