Topco continues to invest in our future growth in spite of the downturn in our industry. We have started on a major addition to our Well Service Pump facility in Clairmont where we will be able to service, repair, and recertify the large hp pumps used by our pressure pumping customers. This added space will take nearly a year to complete. Work began this past December and is progressing on schedule.
Our industry has experienced a significant price reduction in both natural gas and oil and will experience a slowdown until the supply and demand curves are better aligned. During this period of uncertainty we need to focus as a team to ensure that we are providing all of our customers with the best products, the best service, and the most efficient operation in western Canada. We've been down this road before and will get through this as a team. A positive attitude is still the best key to success!