Concept

• Business case

Opportunity

Business model

• Royalties
• Licensing
• Pre-purchase of hydrate reserves
• Analysis

Hydrate reserves

Prior failed projects

Intellectual properties

Risk identification

Partnership modeling

Research

• Preliminary engineering
• Mathematical modeling
• Risk mitigation
• IP submittal/approval

Validation

• Finalize partnership
• Review model data
• Establish testing parameters
• Conduct testing/validation

Development

• Develop detailed engineering with Engineering Procurement Construction
• Address risk issues
• Develop cost estimate
• Develop cost/revenue model for implementation of a hydrate project
• Develop business plan for VCs funding

Implementation/Commercialization

• Extend IP protection globally
• Establish REP brick and mortar office
• Business development/sales proposal
• Develop agreement with client
• Create business/project plan specific to well
• Conduct field test
• Launch Initial Public Offering

Cost Estimate to Validate