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Natural Resources committee  That's correct. Right now, the natural gas usage comparable, using electricity to hydrogen, is about $12 a gigajoule. So we're not cost-effective right now, because natural gas is cheaper.

December 7th, 2006Committee meeting

Wayne Henuset

Natural Resources committee  Okay, the size of the facility.

December 7th, 2006Committee meeting

Wayne Henuset

Natural Resources committee  Yes, roughly there.

December 7th, 2006Committee meeting

Wayne Henuset

December 7th, 2006Committee meeting

Wayne Henuset

December 7th, 2006Committee meeting

Wayne Henuset

December 7th, 2006Committee meeting

Wayne Henuset

Natural Resources committee  We didn't make these numbers up.

December 7th, 2006Committee meeting

Wayne Henuset

Natural Resources committee  The producers in the tar sands are now looking at alternative measures for fuel. They have to find an alternative measure, because they have these numbers themselves. With natural gas being so unstable, they have to have a stable fuel source, and that's why they're going to the different fuel sources in order to substantiate their development.

December 7th, 2006Committee meeting

Wayne Henuset

Natural Resources committee  That's correct.

December 7th, 2006Committee meeting

Wayne Henuset

Natural Resources committee  A nuclear facility, if you use a CANDU 6, produces about 740 megawatts of electricity. If you convert that to steam, rather than producing electricity, if you use the steam for SAGD, it will produce about 220,000 barrels a day. We don't have a SAGD process at this time to actually that size.

December 7th, 2006Committee meeting

Wayne Henuset

December 7th, 2006Committee meeting

Wayne Henuset

Natural Resources committee  Each system is different. In the SAGD process, we were talking about just using the straight steam. In the mining processes, they use electricity as well as hot water; they don't use as much steam. For the mining operations, one facility could be used for multiple facilities. You can transport hot water about 50 miles, whereas you can only transfer the steam about 15 miles.

December 7th, 2006Committee meeting

Wayne Henuset

Natural Resources committee  No, it doesn't.

December 7th, 2006Committee meeting

Wayne Henuset

Natural Resources committee  Initially we went directly after the steam producers in the SAGD. The SAGD processes in operation today aren't large enough to take the amount of steam that the nuclear reactor produces. Right now, until we get a SAGD operator that is planning to do something in excess of 200,000 barrels a day in a radius....

December 7th, 2006Committee meeting

Wayne Henuset

Natural Resources committee  I have 10 minutes. I had a little speech to give for 10 minutes, and I could actually throw it all away after listening to my partners here. I'm going to go through it, though, as I would probably go on and on forever. Energy Alberta was started as a corporation to be profitable as an energy provider at the lowest cost, utilizing nuclear power in Alberta.

December 7th, 2006Committee meeting

Wayne Henuset