Nevtah/Black Sands Energy's Oil Sands Extraction Technology Presented to Government Officials in Utah
Posted on: Tuesday, 30 October 2007, 15:00 CDT
Nevtah Capital Management (PINKSHEETS: NTAH) and its joint venture partner, Black Sands Energy, will present a patented technology and the efficiently working extraction unit to a variety of government officials on Tuesday, October 30, 2007 at 10:00 in the morning in Salt Lake City, Utah. The presentation will include a brief 6 minute video which gives an overview of the technology and details of the working extraction unit (view the video at http://youtube.com/watch?v=dBDWGPbrj54). This will be followed by a presentation by Mr. Frank Glinton, President of Black Sands Energy Corporation.
In attendance will be representatives of Governor Jon Huntsman, Jr., representatives of Senator Orrin Hatch and Senator Robert Bennett, as well as commissioners and departments that oversee Utah's land leases. Additionally, representatives from Utah's Department of Energy, Utah's Energy Advisory Board, and various energy experts are expected to attend. Also in attendance will be representatives from several major oil companies and major investors in Utah.
Among other topics that will be discussed will be the acquisition of new leases and establishing a working relationship and coordination with the Utah's government in order to complete the building and installation of the joint venture's first commercial (up-scaled, with a capacity of over 2,000 barrels of oil per day) closed-loop extraction units in Utah. This patented, closed-loop production process uses benign, non-toxic solvents, so that both cost and environmental impact issues are solved. Direct mining and extraction costs are estimated at $12.00 to $13.00 USD per barrel, which offers payouts similar to conventional oil drilling and produces oil with an API of 18-20.
This patented, closed-loop extraction process was featured in a June 2007 Report issued by the U.S. Department of Energy and the offices of Petroleum Reserves, Naval Petroleum and Oil Shale Reserves. The Report, titled "Secure Fuels From Domestic Resources, The Continuing Evolution of America's Oil Shale & Tar Sands Industries," was posted on the DOE/FE/Petroleum Reserves website and can be viewed in it's entirety on the Company's website home page: www.nevtahoilsands.com.
For more information, please contact Paul Davey, Investor Services at 778-389-0915 or email: paul@nevtahoilsands.com. Or contact Daniel P. Kesonen, Chairman & CEO of Nevtah Capital Management at 561-626-9901.
Nevtah Capital Management adheres to the provisions, regulations and specifications of the Safe Harbor Act.
Contact: For more information, please contact: Paul Davey Investor Services 778-389-0915 paul@nevtahoilsands.com Daniel P. Kesonen Chairman & CEO Nevtah Capital Management 561-626-9901
SOURCE: Nevtah Capital Management Inc.
Source: MARKET WIRE
Related Articles
- Savannah Capital Management, Inc. Announces Release of Its 2nd Quarter Report on World Energy (OTC Bulletin Board: WEGY)
- NGP Energy Capital Management Appoints Anas F. Alhajji, Ph.D. As Chief Economist
- Nevtah/Black Sands Energy Sign Agreement for Lease Rights to Multiple Leases at Utah Oil Sands' Asphalt Ridge and P R Spring Areas, With Proven Resources Totalling 1.4 Billion Barrels
- StormFisher Biogas and Denham Capital Management Announce $350 Million Partnership to Develop Biogas-Based Renewable Energy Projects
- Recycled Energy Development and Denham Capital Management Announce $1.5 Billion Partnership to Develop Waste Energy Recycling Projects
- Universal Capital Management, Inc. Progress Report on Creative Energy Solutions
- Nevtah/Black Sands Dispatch Crew to Whiterocks Deposit to Prepare Lease for Production in Utah Oil Sands
- Alternative Energy Projects Heat Up at Aequitas Capital Management
- NGP Energy Capital Management Announces $1.7 Billion of Fund Closings
- Hatch Says Pending Bill Could Make Utah 'an Energy Capital' of the World
 |
 |
User Comments (0)
RSS Feeds