Summer is getting close ! Bitumen production:
" We expect to be operational with the first unit later this summer. Sinceour process has no air, water or hydrocarbon emissions issues and uses anon-toxic, biodegradable chemical under low dosage rates in a recycledoperation, we do not expect to encounter any significant permittingissues at any of the proposed sites.”
" A patented and proprietary process that allows for the recovery of bitumen
from oil sands (tar sands). The technology utilizes a non-thermal, mechanical and
chemical process in a closed-loop system to recover bitumen from oil sands. The
closed-loop process results in zero discharge, except for clean sand and the separated
bitumen product. "
The conventional oil project:
" 1280 acres covering Texas State Blocks 127, the
south half of Block 150 and the north half of Block 151, and includes 3 existing well bores, an existing 7
mile pipeline to shore and an onshore oil/gas handling facility."
" A key component of this acquisition is the existence of a fully drilled, cored, logged, cased and shut-in
well bore (the 127-1) in Block 127. The 127-1 well has multiple pay zones indicated on logs and cores
and is expected to be initially completed in the Bol Mex (8560 - 8710' depth) section of the Lower Frio.
Internal analysis of the logs and cores of the Bol Mex zone indicate approximately 115 feet of expected
oil pay. The reservoir is estimated to cover a minimum of 350 acres with potential up to 750 acres."
"An additional 200 plus feet of apparent net pay are evident in the logs and cores, and upon successful
completion of the Bol Mex interval the company will target these additional zones for future
completions."
This should get interesting real soon !