Wescorp Energy Inc WSCEE

RE: Elly.....Opti

[elor2443]

Here is the one of those posts that had basic info. Actually Stench, OrCrude does not use natural gas, the process produces a synthesis gas (syngas) that can be used to fuel the project's steam-assisted-gravity-drainage (SAGD) operation, removing the need for natural gas and significantly reducing operating costs. Estimated average operating costs after the upgrader kicks in will be approximately $6 per barrel (how does Ellycrak compare?). Keep in mind though that the gasifier adds approximately $10,000 per flowing barrel per day to total capital costs. They feel the investment pays off with lower operating costs and reduction in votality. The process basically results in half a barrel of bitumen separated into light sour crude (approx. API of 22) which is further upgraded to a sweet crude with an API of 39. The asphaltenes created from the other half the barrel are used to produce the syngas which is an obvious advantage as it would take about 1.5 thousand cubic feet (mcf) of natural gas to produce and upgrade one barrel of bitumen from an integrated in-situ project. Also, OPTI has one huge advantge, their partner Nexen and their share price has climbed from about $21 in February to its current level of around $35. Their joint venture at Long Lake will produce approximately 58,500 bbl/d of synthetic crude from 72,000 bbl/d of bitumen. FYI, Long Lake has a reserve base of 1.1 billion barrels which should last them about 45 years at that rate. After reading this can anybody tell me how this compares to Ellycrack?