Absolutely. Obviously, in different areas in business, there are different ways to set them up and then have successful business.
In the energy sector, for example, between Ukraine and Canada.... It's a very important sector for Ukraine, because, as the Prime Minister said a few days ago, Ukraine wants to become self-sufficient in energy by 2020, which is two years away. One of the areas that we keep bringing to him and to his government is that if you want to get investment from outside, including Canada, into the energy sector, for example, you definitely have to fix up the regulatory system in that area.
There are different ways to set it up. You mentioned joint ventures, and there are joint ventures in oil and gas. There are production-sharing agreements in oil and gas, but these are mainly for very large, huge projects, and there are also the joint investment agreements, as they are called in Ukraine, which are very risky, very unstable, and so on.
We tried to convince the Ukrainian government to look not just at the way to set up the business in Ukraine, but more at the regulatory system. For example, in oil and gas, a licence extension on an existing project might take two years, three years, or 10 months. In our case, it took 10 months. In Canada, in Alberta, this kind of thing happens overnight. It's all electronically controlled. There are no people who influence whether a licence is extended, and so on. As soon as that kind of regulatory system is improved, I'm sure that things like joint ventures and production-sharing agreements, which are used everywhere across the world, will definitely be successful.
We even gave them an example, and I think we have now actually started working with the Alberta energy regulators who do these kinds of services right across the world.