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Although the declaration of commerciality is a welcome development, it is a formality merely confirming what we already knew about the Aphrodite reserves, said gas expert Charles Ellinas.
The commerciality factors presented in the Resource Report demonstrates that a commercial oil shale mining and production operation can be commercially viable on the Company's permits as the oil shale quality and oil distillate yields and product composition have been measured and geologically mapped and shown to be consistent over the identified oil shale deposit.
He said the Indian firms would this month submit its commerciality report for the block's oil.
Additionally, the offeror is asked to certify the commerciality of the offered items.
The company subsequently undertook testing of this well in the second quarter of 2007, and applied for commerciality to Ecopetrol, the national oil and gas company of Colombia, in the third quarter of 2007.
President Milagros Reyes commented The commerciality affirmation not only converts the solar service contract from pre-development to development/commercial stage, giving us the go-signal to proceed full blast towards development, but it also marks the first step for our Tarlac solar project towards eventual FIT qualification by 1Q, 2016.
The declaration of commerciality confirms the existence of substantial recoverable natural gas reserves in exploration block 12 of Cyprus' EEZ.
He has excellent technical and academic credentials, which he deploys with energy, commerciality and an eye always on what the client wants.
Set in the Devon countryside, it aims to keep clear of the commerciality of big events and provide a more relaxed atmosphere.
The current silence on homosexuality is nearly deafening, and, some say, commerciality is the cause.
commerciality is surely what inspired the husband-and-wife producing team of Dino and Martha De Laurentiis to shell out a whopping $9 million for the rights to make the feature, which besides Hopkins stars Julianne Moore and an unrecognizably ghastly Gary Oldman.
Minimal capital will be spent in these areas during 2007 while the performance of the pilots is being evaluated to determine commerciality.
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