Once again I can criticize the producers for their inaction for the next several years. Especially based on these CEO’s who continue to fumble about. However, I am no better if I just sit here and criticize, and that is why we will commence the developments of our system on September 4, 2017. Action is required now and that is what we’re doing. People are reviewing our project and their participation in our user community.
Within our first year of developments we need to establish a foundation for a number of larger, overall objectives that need to be attained within People, Ideas & Objects and the user community. As much as we have short term deliverables we also need to look at the larger picture of what it is that we’re doing. We have to set these larger objectives in motion in our first year as well.
Stopping and restarting developments due to a lack of funding I don’t think is possible and may actually be fatal to this project. We therefore need to ensure that the funding for the remainder of the development of the Preliminary Specification, which includes the costs of the user community, is in place by September 2018. This would be an effective way in which the bureaucrats could eliminate us from consideration. Fund the short term and then cut us off at a critical point. This is the additional risk that we are undertaking by funding only the first year of developments. Oil and gas prices may be up 5% on August 1, 2018 and provide the shiny, bright object that draws the producers attention away from us. It’s a risk that we will have to take and one that needs to be more fully researched.
We are a software engineering capability that needs to be developed and supported. This capability is an enhancement to the capabilities of the oil and gas industry. As a result they will be able to deal with the changes in their business in the future in a proactive manner. Software is too important a component in the producer's business to purchase it once every decade and be constrained by its feature set. Producers need to make dynamic, innovative, accountable and profitable decisions and actions based on the ability to change their organizations by changing their software.
This last objective is related to the raising of our budget. It is also stated in our Revenue Model as to how we maintain our overall objectivity and independence. It is that we don’t ever become blind sleepwalking agents of whomever will feed us. Our role in the industry is leadership. Dynamically changing the business model of the producers as necessary. If we are relegated to a hand to mouth existence, much like the software vendors are in oil and gas today, then we will fail in our leadership role and fail in providing the software and services that the industry needs. Raising our budget is therefore critical. It is also critical that we develop the methods and means in which to deal with the changes in the industry, that the money can be secured and the user community go about their business as required. This too is a challenging task that we’ll need to be researched and resolved in the next few years.
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.