RE: Competing Technologies to THAIHere is another one from Nevtah (NTAH).
From their PR:
"""Nevtah Capital and Black Sands Energy own a total of 13 leases in three areas of the Utah Oil/Tar Sands area including Asphalt Ridge, Sunnyside and PR Spring. These leases cover a total of 11,535 acres with a total proven reserve of 651.6 million bbls in-place within the massive 32.0 billion barrel Utah Tar Sand Deposit. (Estimates by a 1966 Utah Geological Survey and recently confirmed by a registered petroleum geologist.)
Nevtah Capital and Black Sands Energy hold the patents and proprietary rights to this proven, closed-loop extraction system that produces oil for less than $ 12.50 USD per barrel. The technology was successfully demonstrated during a two-year period of operation in Wyoming, producing an average of 2000 bbls per day. The system is totally closed-loop and is very earth-friendly. It has near-zero solvent loss, produces no greenhouse gases and returns the cleaned-up sand back to the environment, leaving the ecosystem in better-than-original condition. This highly scalable technology does not require water and works efficiently on a wide range of host oil and sediment types. Oil recovery rate is 99%. The joint venture partners have the only pilot plant operating in the Utah Oil/Tar Sands area.
For more information, visit the Company's website: www.nevtahoilsands.com or call Paul Davey, Investor Services: (778) 389-0915 (Canada) or Daniel P. Kesonen, President & CEO, Nevtah Capital Management Corp. (561) 626-9901."""