I do think the most significant point is the firepower of the private jv partners in Alberta.Psa, as is their want, dont discus jv partners much but they have big budgets on Alberta and psa is getting a ride on this.A lot of work and money is being spent by the other cos understanding the best method of extraction Psa are not doing this in isolation like a few of the other Asx listed cos.
Bru several years ago got a lot of benefit when it ann the jv with Mitsibushi...Psa seems reluctant or unable to discuss the wealth and financial muscle of its jv partners. Hopefully at the Agm it gets a hearing. I have no doubt, with the $ being spent, they will extract the oil profitably....but it will take time.
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