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E3 Lithium Ltd V.ETL

Alternate Symbol(s):  EEMMF

E3 Lithium Ltd. is a Canada-based lithium resource company. The Company is focused on commercial development of lithium extraction from brines contained in its mineral properties in Alberta. The Company’s Clearwater Project is located between Red Deer and Calgary in Alberta. Its Direct Lithium Extraction (DLE) on-exchange technology uses a sorbent designed to be selective towards lithium ions. Its technology reduces volumes of low-grade brine into a high-grade lithium concentrate, removing nearly all impurities. This produces a clean product for the development of high purity lithium compounds used in Li-ion batteries. The Company has measured and indicated lithium resources in Canada, with 16.2 million tons (Mt) measured and indicated Lithium Carbonate Equivalent (LCE), hosted in the Leduc Aquifer. In addition, it has 0.9 Mt of inferred mineral resources in its Rocky Area.


TSXV:ETL - Post by User

Post by My19sixyNineZon Oct 03, 2023 5:11pm
173 Views
Post# 35667827

E3 pilot is & Imperial Well #1....

E3 pilot is & Imperial Well #1....Oil depleted, not a pressure issue. But here's 1 article on that area, from discovery:


1947 and 1948 were banner years for the oil and gas industry in Alberta. The blowing-in of Imperial Oil Well No. 1 (also known as Leduc No. 1) near Devon sparked interest in the province as a source of oil. Several other significant strikes established Alberta as Canada's leading petroleum producer. On January 15, 1948 drilling proved successful at tycoon Frank MacMahon's Atlantic No. 3 well, situated within sight of Leduc No. 1. Oil gushed out of the ground to a height of 150 feet. It was pressured by an estimated 15 million cubic feet per day flow. Such enormous pressure, unregulated by blow-out precautions, led on March 15 to the fracturing of the surrounding area. Natural gas and oil began to escape over a wide radius, causing serious concern and the implementation of emergency measures. On May 15, 1948 the Petroleum and Gas Conservation Board, through an Order-in-Council, took control of the well. Between March and September, over a million barrels of oil were recovered from Atlantic No. 3.

The well ran wild until September 6, when a spark from an unknown source ignited a massive conflagration. Flames leapt more than one hundred feet in the air and billows of acrid smoke could be seen for more than one hundred miles, while the whole atmosphere around most of Alberta was perceptibly darkened. Through the intervention of famous well control specialists Myron Kinley and Red Adair, the blaze was quelled by November, 1948. Major news services reported the story worldwide, and film footage from the Atlantic No. 3 Wild Well Site blaze was featured on the Movietone News in theatres. To the delight of industry leaders, this publicity conveyed the news of Alberta's extensive petroleum resources to the world market and brought international money into Alberta to finance the rapidly expanding oil industry.
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