It is at this point that People, Ideas & Objects can commence developments of the Preliminary Specification effective September 1, 2016. This will focus on the completion of the development of our user community. Producers who subscribe to these developments by paying their subscription fees before then will be able to state that they are part of this plan to move the industry towards the objective of continental energy independence. The first phase of this plan being the reorganization of the industry towards profitability. By paying 10% of the People, Ideas & Objects subscription fee producers would be able to state they are part of this plan for their third quarter reports. Providing their investors and bankers with the assurance that things are being done to correct the issues in the industry. And potentially opening the market for new investments and loans.
This strategy is being discussed with CEO’s and CFO’s at this time. Cold calling is highly ineffective and producers that find this strategy appealing should call me directly. Time is of the essence and we have much to do. A unique characteristic of the Preliminary Specification is that in order to gain many of the key value attributes is that your working interest partners will need to be on the system as well.
I’m sure we’ll run into everybody's favourite tool in the technical industry, that being the Service Level Agreement. It is important at this point to reiterate that People, Ideas & Objects and our user community do not use Service Level Agreements. Producers who have specific needs in terms of what they want and need in the applications that we are providing them will need to work directly with our user community. People, Ideas & Objects are deaf, dumb and blind to everyone and everything other than our user community. We only build the applications that are as a result of their efforts. Talking to us, or raising your concerns through a Service Level Agreement will not be the method for dealing with your needs. With that in mind it will be my privilege to invoice those producers who do subscribe to our development and participate with our user community.
There is substantial interest in our user community. Those people who are interested are encouraged to complete their applications in a timely fashion. Time is of the essence here as well. In terms of our ability to deliver our systems to our subscribing producers, the user communities development is the impediment in terms of the time that we deliver our product. This is why we have been working for the past two and one half years on the user communities development. It is our priority and the key to the quality of our systems. We are user focused software developments and we are never going to compromise on this priority.
We're here now. Here being the end of the beginning of People, Ideas & Objects. I'm pleased to have been able to bring this opportunity to the industry, the user community, our service providers and anyone else. We can make a big difference in the quality of life of everyone in Canada and the U.S. for many years to come. Energy is critical to our standard of living. And I don't think there’s any more important place to be.
The Preliminary Specification, our user community and service providers provide the dynamic, innovative, accountable and profitable oil and gas producer with the most profitable means of oil and gas operations. Setting the foundation for North America’s energy independence. People, Ideas & Objects Revenue Model specifies the means in which investors can participate in these user defined software developments. Users are welcome to join me here. Together we can begin to meet the future demands for energy. And don’t forget to join our network on Twitter @piobiz anyone can contact me at 403-200-2302 or email here.