I did as much research as I could about the THAI process and after learning that the API increase in the process was less than what the initial lab tests suggested was possible, became skeptical. Later I learned of sand control issues. More recently there were issues about well control and well flow stated without quantitative data to define the situation. Am not sure whether or not these issues will be resolved. They seem to be planning as if the issues might be resolved, yet cannot state they have solved these problems. Their holdings in the Bakken field might help them generate cash flow while they try to resolve their issues.

if something sounds too good to be true........, well, you know.

the fortunate thing for petrobank is that their heavy oil operations are a small part of their business. they are doing very well in columbia, or so it would appear.