I'm not particularly familiar with the IRAP program, but I can generally observe that the work done that led up to these changes in the SR and ED treatment came largely from the Jenkins report and the government's review of that.
It turned out the Jenkins report really focused on small and medium-sized enterprises as the primary focus of that effort, and I think some of the changes they proposed were largely targeted at the SME area.
Our concern is that in our industry, the larger development projects we've been talking about today tend to be projects operated by larger corporate entities. In that situation the kinds of changes proposed from the SR and ED program are not as applicable to the broad-based pieces of pilot testing that need to be done, or I think the wording I would use is “pilot projects and deployment”.
Projects get developed on a continuum of innovation. They start with laboratory work that was discussed, and that evolves into further hypotheses being built about how we might be able to apply a technology. Then you take that new technology effort and you go out and pilot test it.
In our environment, these end up being very expensive programs, because you have to drill wells. A lot of this testing actually goes on in a relatively large scale. It's not done in a laboratory. It's done on the ground.