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Eric Sprott interesting read -
http://www.sprott.com/pdf/marketsataglance/07-2006.pdf
CanWest Petroleum and Oilsands Quest Announce Management's
Estimate of Bitumen Resources from Initial Drilling Program -
Thursday July 6, 4:35 pm ET
CALGARY, ALBERTA--(MARKET WIRE)--Jul 6, 2006 --
CanWest Petroleum Corporation -
(OTC BB:CWPC.OB - News) and
Oilsands Quest Inc. -
announce management's preliminary estimate of the original
bitumen resources in place (OBIP) in an area covered by Oilsands
Quest's Phase I drilling program in northwest Saskatchewan.
The program consisted of drilling on two blocks on Oilsands
Quest's 100-percent-owned Permit PS00210, located in
Township 95, Ranges 24 and 25 West of the Third Meridian.
It is approximately 50 kilometres (30 miles) east of
Suncor's Firebag operations.
Oilsands Quest's exploration permits were granted under
Saskatchewan's Oil Shale Regulations, 1964, and will
expire in 2009 unless converted to leases or further
extensions are granted.
The preliminary OBIP estimate is 250 million barrels
and is based on the west block, a four-section area of
Permit PS00210 surrounding 13 drill holes.
The east block will require further drilling before
management can provide an estimate.
In making the announcement, Christopher H. Hopkins,
President & Chief Executive Officer of Oilsands Quest,
said, "We continue to be delighted with the results of our
initial drilling program."
He also noted that assumptions about the commercial
viability of resource potential or whether currently
commercial recovery processes will be effective cannot
be made at this stage without further drilling.
The area covered in the OBIP estimate represents
less than one-half of one percent of Oilsands Quest's
total permit lands.
The OBIP estimate was based on the evaluation of cores
and well log data from holes drilled in the Phase I
drilling program.
OBIP is the gross volume of bitumen estimated, at a
particular time, to be initially contained in a reservoir
before any volume has been produced and without regard
for the extent to which volumes will be recovered.
In interim drilling results released on June 14, 2006,
CanWest Petroleum and Oilsands Quest also noted that
eight wells drilled in the best three-section block
had an average pay zone of 19 metres (62 feet),
with one hole having more than 28 metres (91 feet)
of pay.
Grades of bitumen saturation by weight for those eight
wells were up to 18 percent.
Of the 24 wells drilled in the program, 19 intersected
the bitumen-bearing McMurray formation, which represents
an 80 percent success rate.
Oilsands Quest is now focusing on plans for its winter
2006 drilling program, currently budgeted for
$35 million Cdn, which will cover a much larger area
in order to begin to quantify and qualify the nature
of the bitumen resources.
The company has received approval for a 150-well winter
2006 program and will apply for regulatory approval
for an additional 100 holes.
It has eight core drilling rigs committed to the winter
2006 program.
In addition, Oilsands Quest has applied for a summer
2006 exploration program consisting of drilling with
one rig, geophysical evaluation and construction of
additional infrastructure in preparation for the 2006
winter program.
In this area of Saskatchewan, the winter drilling season,
which is dependent on weather conditions, is typically
from November to April.
CanWest Petroleum Corporation owns a 60.7 percent
interest, on a fully diluted basis, in Oilsands Quest Inc.
On June 12, 2006, CanWest Petroleum and Oilsands Quest
announced that the companies entered into an agreement
that provides for the combination of the two companies;
this transaction is expected to be completed on
August 14, 2006.
Forward-Looking Information....
-- Cautionary Note ---
Safe Harbor statement under the Private Securities Litigation
Reform Act of 1995: ---- discussed in CanWest Petroleum
Corporation's various filings with the Securities and Exchange
Commission.
Cusip# 138 748 108
Contact:
Contacts:
CanWest Petroleum Corporation
Jonathan Buick
1-877-748-0914 or (416) 915-0915
investor@canwestpetroleum.com
Source: CanWest Petroleum Corporation
http://www.investorshub.com/boards/board.asp?board_id=5409
http://biz.yahoo.com/iw/060706/0141969.html
UTS.TO: Shell Canada oil sands cost woes felt by other projects
July 6, 2006, 12:05 pm
By Scott Haggett
CALGARY, Alberta (Reuters) - Oil sands developers may have to rework or delay projects to avoid massive cost overruns, analysts and investors said on Thursday, after Shell Canada Ltd said expanding its Athabasca Oil Sands Project would cost billions more than earlier estimates.
Western Oil Sands Inc. , which owns 20 percent of Shell Canada's oil sands project, said late on Wednesday that a planned expansion of its oil sands mine and upgrading refinery could cost close to C$11 billion, 50 percent more than estimated just a year ago.
The project, which will boost output by some 100,000 barrels a day to about 255,000, faces rising costs for labor, materials and equipment.
A spokeswoman said Shell Canada, 78 percent owned by Royal Dutch Shell Plc , is deferring a final decision on going ahead with the project until the fourth quarter instead of September as it firms up a budget.
But other operators in the oil-rich region may also need to rethink plans as costs rise across the board.
"They are going to have to find ways to get their costs down," said Glenn MacNeill, chief investment officer at Sentry Select Capital Management in Toronto. "Clearly they can't have these cost escalations continue and still be profitable."
Some C$125 billion in projects are either planned or under construction in Alberta's oil sands region, which contains an estimated 174 billion barrels of recoverable oil, a resource second in size only to Saudi Arabia's reserves.
Shell Canada's cost woes are expected to spread to other firms planning large-scale projects, and shares of smaller firms operating in the region plunged on word of the cost pressures.
Western Oil Sands shares dropped C$2.59, or 8.4 percent to C$28.41 by midafternoon. UTS Energy Corp. , a 30 percent owner of Petro-Canada's planned Fort Hills oil sands project, fell 52 Canadian cents, or 8.6 per cent to C$5.56 on the Toronto Stock Exchange.
Out of control costs and a lack of skilled labor have been a prominent feature of nearly all major oil sands projects and the C$8.4 billion tally for a recent 100,000 barrel a day expansion of Syncrude Canada Ltd.'s mine and upgrading refinery was billions more than first estimates.
Firms like Canadian Natural Resources Ltd. , which is now building its Horizon oil sands mine and upgrading refinery, have kept costs in check by flying in labor from elsewhere in Canada and internationally.
But others, particularly those who will be building their projects at the end of the decade, may face even greater competition to hire a work force from other major construction projects like the 2010 Winter Olympics in Vancouver.
"The further along you are with these projects the better off you are," said Martin Molyneaux. analyst at FirstEnergy Capital in Calgary. "The more theoretical the project, the less design work done, the more price risk you face. It's not a pretty situation."
($1=$1.11 Canadian)
CanWest Petroleum Announces Closing of Flow-Through Share Offering
Thursday July 6, 9:23 am ET
CALGARY, ALBERTA--(MARKET WIRE)--Jul 6, 2006 -- CanWest
Petroleum Corporation (OTC BB:CWPC.OB - News) announces the
closing of the private placement of common shares issued on a flow-through basis announced on June 13, 2006.
A total of 5,668,100 common shares were issued on a flow-
through basis at a price of C$6.60 per share for gross
proceeds of C$37,409,460
The proceeds will be used to incur Canadian Exploration
Expenses on resource delineation and other exploration work
being undertaken by CanWest Petroleum's subsidiary, Oilsands
Quest Inc., on Oilsands Quest's permit lands in Saskatchewan.
The private placement was completed through a syndicate of agents led by TD Securities Inc. and including CIBC World Markets Inc., J.F. Mackie & Company Ltd. and Peters & Co. Limited.
CanWest Petroleum owns a 59.5 percent interest, on a fully diluted basis, in Oilsands Quest. On June 12, 2006, CanWest Petroleum and Oilsands Quest jointly announced that the companies have entered into an agreement that provides for the combination of the two companies; this transaction is expected to be completed on August 14, 2006.
The Flow-Through Shares have not been registered under the United States Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States or to U.S. persons as such term is defined in Regulation S under the Securities Act absent a registration statement or an applicable exemption from registration.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors effecting the Company's operations, markets, products and prices and other factors discussed in the Company's various filings with the Securities and Exchange Commission.
Cusip# 138 748 108
Contact:
Contacts:
CanWest Petroleum Corporation
Jonathan Buick
(416) 915-0915 or Toll Free: 1-877-748-0914
jbuick@buickgroup.com
Source: CanWest Petroleum Corporation
National Energy Board says Canada's oil sands production
could be three million barrels per day by 2015 -
http://www.neb-one.gc.ca/newsroom/releases/nr2006/nr0615_e.htm
http://www.investorshub.com/boards/quotes.asp?ticker=cwpc
http://www.investorshub.com/boards/board.asp?board_id=5409
SU suncor energy is biggest player here i think.
also tiny OB play SURGE, someonementioned its ticker below. any others? ub sub micro plays < $1?
Conference Analysis -
Tuesday, May 09, 2006
In Depth Analysis: Raymond James Oil Sands Conference
On Monday May 9
CanWest Petroleum Corp. - CWPC -
took part in the Raymond James Oil Sands Conference through
its majority owned subsidiary OILSANDS QUEST INC.
This conference featured the tried and true of the oil sands
in Alberta such as Suncor, Imperial Oil, and Synenco as
well as the newcomers to the group.
The OILSANDS QUEST presentation consisted of much of what
current investors who have done their due diligence on the stock
already knew, with some interesting new information.
The company stated that they currently have 850,000 acres
of exploration permits after their first relinquishment,
and expect to have 508,000 acres after their 2006
relinquishments (but as we already knew they are still
trying to have this delayed due to the Saskatchewan
government taking so long with approving the drilling
permits).
They described this land as the largest land holding in
the tar sands of any company and described their plan of
bringing the sands into production through ventures.
If the sands prove to be economical the company will seek
partners to come into the projects (expected to be between
4-6, which we believe depends not only on how economical
the sands are but also on the breadth of the projects and
interest) while maintaining a 20-40% interest in each project.
We would expect the first sale to be the most important for the
company because it will set a benchmark for the equity
percentage it is able to retain in the following transactions,
but once again that all depends on the level of interest
in the projects.
The company also displayed a slide that displayed the Chesapeake
Bay area showing the type of geological formation they are
seeking in order to establish where the tar sands
may or may not be.
We think this might be part of their "thesis" which was described
earlier that they did not want to divulge at the time. So the
company is most likely drilling in these basins now and began
drilling on their 150 hole Phase II program this past winter,
but expect it to be completed next winter due to its size and
weather conditions.
The company also stated that the environment is practically
unscathed at this point so they face less regulatory hurdles
as the environment will not be faced with the Pollution Growth
Effect (this is simply an effect that takes place where as new
projects are added their pollution outputs add exponentially
to the current pollution problems).
In 2005 the Company spend $5 million on land and site
infrastructure, $6 million on Phase I drilling.
In 2006 the Company then spent $5 million on drilling and
geophysics and expect to spend another $20 million on
Phase II drilling.
The company expects to spend $35 million total and stated
that the bulk of this money has already been raised at this
point.
This bodes well for current shareholders as dilution should
not be a problem as the company appears to have these
expenditures paid for mostly.
What makes this company special is that it is in a previously
untouched province where currently the problems in Alberta do
not exist.
There is plenty of water in Saskatchewan which appears likely to
last into the future and a large base of labor from which
to draw.
Both of these resources seem to be in very short supply in
Alberta where the oil sands business is exploding.
The company will also have access to transportation routes while
having a minimal impact on the environment once again.
The Company stated, "uncertainties have been addressed" and
the results are "consistent with our geologic model" because the
"materiality of resource has been proven".
They noted Norwest classified the resources as
"Discovered Resources" which had been previously announced
and stated that they expect a full evaluation of the
Phase I drilling program to be out in August.
The Company stated, "We are confident Phase II drilling
program will result in commercial viability of Firebag East." So
as the CanWest and OILSANDS QUEST remain bullish,
so do we.
By: stargazer
CWPC SChart TA TI Bull Run -
MACD TI crossing at bottom to upside run -
start new bull wave -
The Saskatchewan oil shales are aromatic which means they contain high amounts of benzene which is a carcinogen.
They can't pump it out of the ground and they sure as hell can't open pit it.
http://en.wikipedia.org/wiki/Benzene
Breathing very high levels of benzene can result in death, while high levels can cause drowsiness, dizziness, rapid heart rate, headaches, tremors, confusion, and unconsciousness. Eating or drinking foods containing high levels of benzene can cause vomiting, irritation of the stomach, dizziness, sleepiness, convulsions, rapid heart rate, and death.
The major effect of benzene from chronic (long-term) exposure is to the blood. Benzene damages the bone marrow and can cause a decrease in red blood cells, leading to anemia. It can also cause excessive bleeding and depress the immune system, increasing the chance of infection.
Some women who breathed high levels of benzene for many months had irregular menstrual periods and a decrease in the size of their ovaries. It is not known whether benzene exposure affects the developing fetus in pregnant women or fertility in men.
Animal studies have shown low birth weights, delayed bone formation, and bone marrow damage when pregnant animals breathed benzene.
The US Department of Health and Human Services (DHHS) classifies benzene as a human carcinogen. Long-term exposure to high levels of benzene in the air can cause leukemia, a potentially fatal cancer of the blood-forming organs. In particular, Acute Myeloid Leukemia (AML) may be caused by benzene.
Several tests can show if you have been exposed to benzene. There is a test for measuring benzene in the breath; this test must be done shortly after exposure. Benzene can also be measured in the blood; however, since benzene disappears rapidly from the blood, measurements are accurate only for recent exposures.
In the body, benzene is metabolized. Certain metabolites can be measured in the urine. However, this test must be done shortly after exposure and is not a reliable indicator of how much benzene you have been exposed to, since the same metabolites may be present in urine from other sources.
The US Environmental Protection Agency has set the maximum permissible level of benzene in drinking water at 0.005 milligrams per liter (0.005 mg/L). The EPA requires that spills or accidental releases into the environment of 10 pounds (4.5 kg) or more of benzene be reported to the EPA.
The US Occupational Safety and Health Administration (OSHA) has set a permissible exposure limit of 1 part of benzene per million parts of air (1 ppm) in the workplace during an 8-hour workday, 40-hour workweek.
In March 2006, the official Food Standards Agency in Britain conducted a survey of 150 brands of soft drinks. It found that four contained benzene levels above World Health Organization limits. The affected batches were removed from sale.
Benzene, also known as C6H6, PhH, and benzol, is an organic chemical compound that is a colorless and flammable liquid with a pleasant, sweet smell. Benzene is a known carcinogen. It is an additive in gasoline and also an important industrial solvent and precursor in the production of drugs, plastics, gasoline, synthetic rubber, and dyes. Benzene is a natural constituent of crude oil, but it is usually synthesized from other compounds present in petroleum. Benzene is an aromatic hydrocarbon, and the second [n]-annulene ([6]-annulene).
Secret Oil Sands -
Saturday, April 15, 2006
By Doug Casey
Everyone is telling you these days that
the Canadian oil sands are the place
to invest.
Some commentators are talking about
how the oil sands could produce more crude
than Saudi Arabia,
warning you not to miss the boat because
investment dollars worldwide are about to
flood to the region, making a fortune
for all involved.
Most analysts will then go on to recommend
stocks like Suncor Energy,
Canadian Oil Sands Trust or UTS Energy
as ways to cash in on the oil sands mania.
The problem: these three stocks-darlings of so many
pundits-have a combined market cap of roughly $60 billion.
There'd better be a lot of investment money coming… because
it's going to take a tidal wave of dollars to move the share
prices of these large-caps.
True, if you had invested in these companies a year ago, you
would have doubled and perhaps even tripled your money. Not a
bad return. But with these stocks having already gained so
much, so fast, it's now going to take a double or triple of
last year's investment influx to achieve the same returns. As
an investor in these companies you're pushing a rock up a hill
that's growing steeper by the day.
That said, I am a believer in the oil sands sector.
Simply put, political problems are looming in almost every
major oil-producing nation around the globe. Iraq is a mess,
with production still below the levels prior to the U.S.
invasion. Iran looks like it may be next on Bush's hit list.
Nigeria has 420,000 barrels of oil production shut in because
of attacks on pipelines and platforms.
Russia is a Jekyll-and-Hyde game: one day happy to share its
petro-riches with the world, the next turning off the taps
to its neighbors.
The Venezuelan government recently seized control of
numerous oil fields, effectively evicting major companies
from the country.
With all this going on, the Canadian oil sands may be
the only significant oil reserve on "friendly" soil.
As such, I'm not surprised to see the region getting a lot
of attention.
If I was U.S. energy secretary, I'd be shopping for a good
townhouse in Fort McMurray.
But as a speculator, I'm always looking for ways to maximize
my profits.
Even though I see the oil sands as a sector whose time has
come, I have a hard time sinking my money into a
multi-billion-dollar company that's on the lips of every
Wall Street lackey.
When everyone's talking about something, you should look
elsewhere.
But where? As speculators, I believe our best bet is to look
for companies that are working oil sands plays in new areas
that haven't been recognized by the street.
Go beyond the boundaries of the Suncors of the world
to find the next big thing.
I'll give you an example.
In February of this year, an unknown numbered company,
1122131 Alberta Ltd, paid C$465 million for a set of
oil sands leases in a part of Alberta that-at the
time-looked to be rank moose pasture.
The land was completely outside of the area where oil
sands are known to exist.
Puzzled, our staff at Casey Research looked at the data
and realized that the area was indeed a bust for
conventional oil sands… but it was perfect for pursuing a
completely new type of play.
You see, the oil sands we usually hear about are hosted in
sandstone that lies at relatively shallow depths.
But many people don't realize that there's a completely
different type of oil sands found deeper down, hosted in
carbonate rock known as the Grosmont formation.
In the March edition of the Casey Energy Speculator,
we postulated this might be what 1122131 Alberta was after.
A few weeks later, our suspicions were confirmed.
Shell announced that it was the player behind 1122131 Alberta,
and it was indeed planning on pursuing the Grosmont.
Although this example of extending the oil sands into
new areas didn't provide a direct investment opportunity,
it got us thinking about what other "new" oil sands plays
might be lurking out there. Looking at a map, one
possibility burned bright: Saskatchewan.
With attention focused on Alberta's oil sands, few analysts
have noted that development abruptly ends at the province's
eastern border with Saskatchewan.
Do the rocks suddenly disappear? Unlikely.
In fact, looking deeper we found historical evidence that
Saskatchewan hosts rich oil sands.
Perhaps even richer than Alberta's.
The problem is politics.
The Saskatchewan government has been all but closed to
development, meaning that almost no companies have
pursued projects here.
I say almost none because it turns out there is one
little-known oil sands developer working in Saskatchewan.
A company it just so happens holds a land package larger than
all Alberta's oil sands projects combined.
With management that has already built one oil sands
company into a billion-dollar player.
But despite these glaring positives, the company has gotten
little love from the market.
So much so that when we came upon it, it was trading
at a $200 million market cap-tiny by oil sands standards.
In December 2005, we jumped on the huge potential here
and within three months saw gains as high as 315%-the
kind of returns you get by going where others haven't.
The best thing is that despite this run, the stock is still
less than half the market cap of the smallest Alberta oil
sands company-with potential for reserves that dwarf
those of most Alberta players.
I can't mention the name here-it would be unfair to Casey
Energy Speculator subscribers-but rest assured this is
a story that will be receiving a great deal of mention
in the pages of our letter.
Bottom line: if you're considering investing in the oil
sands-and I believe there are many reasons you should-or
in any other "hot" sector for that matter, look for ways
to "extend the trend".
Uncover opportunities that are beyond most investors'
radar at the moment, but which have the ability to
benefit from the rising tide once they do break.
Doing so, you'll maximize your returns… and garner a
great deal of pleasure when the talking heads on CNBC
start touting the company you bought months ago as
the next big thing.
***
As a staunch contrarian, Doug Casey rarely goes along with the
investment mainstream… making subscribers of his Casey Energy
Speculator a lot of money in the process.
As a Casey Energy Speculator subscriber, you can expect your
stocks to double or triple (and sometimes much, much more
than that) within a year or two. A return that virtually
no other, reasonably risky investment will give you.
This is not a get-rich-quick scheme. It's a meticulously
researched and carefully selected basket of mostly Canadian
junior energy explorers-companies with huge growth potential
that are so new, or so small, or so little promoted that they
have been completely overlooked by conventional investors.
http://www.investorshub.com/boards/board.asp?board_id=5409
.
Oil Soars to $71 on Nuclear Row -
http://news.bbc.co.uk/2/hi/business/4917566.stm
CWPC - CANWEST PETROLEUM CP (OTCBB)
Date Open High Low Last Change Volume % Change
04/18/06 7.9300 7.9400 7.5300 7.6200 -0.1400 2180600 -1.80%
Composite Indicator
Trend Spotter TM Buy
Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Hold
Short Term Indicators Average: 80% - Buy
20-Day Average Volume - 4390290
Medium Term Indicators
40 Day Commodity Channel Index Hold
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 75% - Buy
50-Day Average Volume - 2725752
Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy
100-Day Average Volume - 2461749
Overall Average: 88% - Buy
Price Support Pivot Point Resistance
7.7600 6.9933 7.6833 8.3733
CWPC still not well known in Sask.
Posted By: northern-eh
Post Time: 4/14/2006 00:31
In one way or another, we all stumbled on CWPC.
But the company and their project still is not well known,
even in the Saskatchewan and Canadian investment community.
I live in the northern part of the province, and many people
that I know (many who are investors) have not heard of
Canwest.
I buy my CWPC shares at an online broker.
But today I spoke to my regular broker who works for the
largest investment company in Canada about another matter.
Out of curiosity, I asked him what they thought of Canwest
Petroleum.
He did not recognize the name.
Yet he lives only about 250 miles from the tar sands
and this is his business.
Aside from a few stories in the news, which most people
seem to miss, the Saskatchewan oiil sands have not attracted
much attention even in Saskatchewan.
Until the AMEX listing and major news stories hit the
newspapers, this will remain more or less a "secret."
ATT: CWPC Big block @ $7.20 at the close!
- you are right and finding more info -
go to -
http://tinyurl.com/rlw5n
look at - CWPC - Depth/LevelII -
Time & Sales
Price Size Exch Time
7.20 500 OBB 17:05:59
7.20 500 OBB 17:05:59
7.20 500 OBB 17:05:59
7.22 500 OBB 17:05:59
7.22 500 OBB 17:05:59
6.94 100 OBB 17:05:59
6.89 5000 OBB 17:05:59
6.91 500 OBB 17:05:59
6.90 500 OBB 17:05:59
6.89 400 OBB 17:05:58
6.89 412 OBB 17:05:58
6.89 400 OBB 17:05:58
6.89 2000 OBB 17:05:58
6.89 250 OBB 17:05:58
6.89 1000 OBB 17:05:58
6.89 1000 OBB 17:05:58
6.89 1000 OBB 17:05:58
6.89 3000 OBB 17:05:58
6.89 512 OBB 17:05:58
6.89 500 OBB 17:05:58
6.89 7000 OBB 17:05:58
6.89 2000 OBB 17:05:58
6.89 2000 OBB 17:05:58
6.89 1000 OBB 17:05:58
6.89 2000 OBB 17:05:58
6.89 900 OBB 17:05:58
6.89 1000 OBB 17:05:58
6.89 100 OBB 17:05:57
6.90 1900 OBB 17:05:57
6.89 500 OBB 17:05:57
CanWest Petroleum trades in Germany also -
http://finance.yahoo.com/lookup?s=canwest+petroleum&t=S&m=ALL
http://www.investorshub.com/boards/board.asp?board_id=5409
http://biz.yahoo.com/iw/060407/0122079.html
http://www.investorshub.com/boards/quotes.asp?ticker=cwpc&qm_page=70969&qm_symbol=CWPC
.
CanWest Petroleum Corporation and Oilsands Quest Inc.:
Drilling at the Firebag East Project is Deemed a
'Discovered Resource'
Friday April 7, 2:42 pm ET
CALGARY, ALBERTA--(MARKET WIRE)--Apr 7, 2006 --
CanWest Petroleum Corporation
(OTC BB:CWPC.OB - News) and Oilsands Quest Inc. announce
that a review of preliminary results of the Firebag East exploration coring program in northwest Saskatchewan by
the Company's independent geologic consultants, will
result in the bitumen resources being classified as
"Discovered Resources".
This classification means that the resources on exploration
permits in the area known as Firebag East are recognized
as being from known accumulations.
Nineteen of the 24 resource delineation holes drilled in
the Phase I exploration program have intersected bitumen
saturated sands believed to be in the McMurray Formation.
Initial results from core analysis indicate that there is
good bitumen content in these intersections.
"Although we have not yet completed a final evaluation of
the drilling results from our Phase I exploration program,
this discovery status confirms our success," said Christopher
Hopkins, President & CEO of Oilsands Quest.
"Until now, no one knew definitively that oil sands were
present as an accumulation in Saskatchewan.
This classification is simply a formal recognition of our
discovery and it does not indicate economic or producible
status."
The drilling results from the Phase I program are currently
being analyzed, and additional details are expected to be
released this summer when the analysis of these results has
been completed.
Up to 150 holes are planned for the Phase II exploration
program, which is currently underway.
This Phase II program will be completed during the
2006 / 2007 winter season.
The Discovered Resources classification is in accordance
with the Canadian Oil and Gas Evaluation Handbook (COGEH),
which is a primary reference for reporting resources
under National Instrument 51-101 Standards of Disclosure
for Oil and Gas Activities.
The definition of Discovered Resources is given as:
"Discovered resources are those quantities of oil and gas
estimated on a given date to be remaining in, plus those
quantities already produced from, known accumulations.
Discovered resources are divided into economic and
uneconomic categories, with the estimated future
recoverable portion classified as reserves and
contingent reserves, respectively".
The COGEH can be obtained online
(www.petsoc.org).
Oilsands Quest Inc.
(www.oilsandsquest.com)
is a private Alberta corporation of which
CanWest Petroleum Corporation
(www.canwestpetroleum.com)
owns a 63.1 percent interest on a fully diluted basis.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors effecting the Company's operations, markets, products and prices and other factors discussed in the Company's various filings with the Securities and Exchange Commission.
Cusip# 138748 10
Contact:
Contacts:
CanWest Petroleum Corporation
Jonathan Buick
1-877-748-0914 or
(416) 915-0915
CanWest Petroleum Corporation
Company Contacts
Toll Free: 1-800-877-1626 or
(888) 858-7759
Email Contact
http://www.canwestpetroleum.com
Oilsands Quest Inc.
Christopher H. Hopkins
President & CEO
(403) 263-1623
Email Contact
http://www.oilsandsquest.com
Source: CanWest Petroleum Corporation and Oilsands Quest Inc.
http://www.investorshub.com/boards/read_msg.asp?message_id=10588051
http://www.investorshub.com/boards/board.asp?board_id=5409
ATT: CWPC Big block @ $7.20 at the close!
Nobel thanks - you are right and finding more info -
go to -
http://www.investorshub.com/boards/quotes.asp?ticker=cwpc&qm_page=70969&qm_symbol=CWPC
look at - CWPC - Depth/LevelII -
Time & Sales
Price Size Exch Time
7.20 500 OBB 17:05:59
7.20 500 OBB 17:05:59
7.20 500 OBB 17:05:59
7.22 500 OBB 17:05:59
7.22 500 OBB 17:05:59
6.94 100 OBB 17:05:59
6.89 5000 OBB 17:05:59
6.91 500 OBB 17:05:59
6.90 500 OBB 17:05:59
6.89 400 OBB 17:05:58
6.89 412 OBB 17:05:58
6.89 400 OBB 17:05:58
6.89 2000 OBB 17:05:58
6.89 250 OBB 17:05:58
6.89 1000 OBB 17:05:58
6.89 1000 OBB 17:05:58
6.89 1000 OBB 17:05:58
6.89 3000 OBB 17:05:58
6.89 512 OBB 17:05:58
6.89 500 OBB 17:05:58
6.89 7000 OBB 17:05:58
6.89 2000 OBB 17:05:58
6.89 2000 OBB 17:05:58
6.89 1000 OBB 17:05:58
6.89 2000 OBB 17:05:58
6.89 900 OBB 17:05:58
6.89 1000 OBB 17:05:58
6.89 100 OBB 17:05:57
6.90 1900 OBB 17:05:57
6.89 500 OBB 17:05:57
CanWest Petroleum trades in Germany also -
http://finance.yahoo.com/lookup?s=canwest+petroleum&t=S&m=ALL
http://www.investorshub.com/boards/board.asp?board_id=5409
.
CanWest Chart *** Alert Bull Flag-Pennant ***
Crude Oil LT *** Alert Bull Flag - developing ***
DD ...
http://www.canwestpetroleum.com/s/Home.asp
Imo. Brgds.
Canadian oil on the radio talk show.
While riding home from work and listening to the radio
the talk show host was talking about the biggest exporter
of oil to America is not any of the OPEC countries
but Canada which provides the US with 65,000,000 barrels
a month.
When I got home and read the paper, the same thing was
written in "Believe It or Not!"
So it just shows that more and more people are learning
about Canada's oil, oil from regular wells plus from
the oil sands.
Can only be good for us.
As well as the steady rising price of oil.
Just a matter of time until there is a major disruption
and that should also send the stock price higher which
will help us offset the cost of the rising price.
Posted By: stargazer1
on another CWPC forum.
Canadian oilpatch at 'centre stage' of global
energy industry: NYSE president -
CALGARY, Mar 30, 2006 (The Canadian Press
via COMTEX) --
The Canadian oilpatch has "grown to centre stage"
of the global energy industry, New York Stock Exchange
(NYSE:NYX) president Catherine Kinney said Thursday.
"I think energy is one of the most important industries
in the world right now and I think Canada has really
grown into a global presence in this industry,"
Kinney said in an interview.
"And so I think it's very natural for these companies
to want to be on the largest equities market in the
world and to enjoy that visibility."
http://www.investorshub.com/boards/quotes.asp?ticker=cwpc&qm_page=676&qm_symbol=cwpc
http://www.investorshub.com/boards/board.asp?board_id=5409
http://news.tradingcharts.com/futures/9/6/77169569.html
CWPC $7.93 + $0.41
Last Price $7.93
Change + $0.41
Change % +5.45%
http://www.investorshub.com/boards/quotes.asp?ticker=cwpc
CWPC $7.42 + $0.99
Last Price $7.42
Change + $0.99
Change % +15.40%
Looks like a close of 7.42, barring late trades and volume
of over 11 million shares, and I would think that most
of those trades would be people or institutions that
plan on holding on to them on the Long Term.
So the float keeps getting smaller and smaller.
Fri Mar 24, 2006
Engagement of TD Securities as its Financial Advisor
March 24, 2006, Calgary, Alberta:
CanWest Petroleum Corporation -
is pleased to announce that it has retained TD
Securities Inc. to act as its exclusive financial
advisor and assist in the analysis and consideration
of corporate and financial structures that will best
allow CanWest to execute its oil sands exploration and development program.
Thornton Donaldson, President and Chairman of CanWest,
said "We are very pleased to have TD Securities involved,
as they are the recognized leader in providing financial
advisory services to development stage oil sands
companies, and we look forward to their assistance
in creating further value for our shareholders."
In addition, CanWest Petroleum -
has made application to be listed on a
Senior American Stock Exchange.
For more information or to request company
updates please visit
http://www.canwestpetroleum.com .
Contacts:
Jonathan Buick 1-877-748-0914 or 416-915-0915
Company Contacts Toll Free: 1-800-877-1626 or (888) 858-7759
Email to: investor@canwestpetroleum.com
http://www.canwestpetroleum.com/s/NewsReleases.asp?ReportID=133057&_Type=News-Releases&_Titl....
http://www.quotemedia.com/results.php?qm_page=27326
CWPC Stock Quote Results
http://www.quotemedia.com/results.php?qm_page=99235
A great ride with a Great Management -
http://tinyurl.com/jf6az
OILSANDS PROJECT IN SASKATCHEWAN
Publisher: Leader-Post
Author: Bruce Johnstone
Oilsands project in Sask.
Bruce Johnstone
Leader-Post
Monday, March 20, 2006
A Calgary-based junior oil company believes it has discovered what could be the beginning of a major oilsands industry in northwest Saskatchewan.
"What we're undertaking is the first oilsands exploration
program in Saskatchewan,' Chris Hopkins, president and CEO
of Oilsands Quest Inc., a privately held subsidiary of
CanWest Petroleum Corp. (no relation to CanWest Global,
which publishes the Leader-Post and Saskatoon StarPhoenix).
"Although there was some drilling back in the early 1970s,
this is the first program that can truly be called a dedicated oilsands exploration program,' Hopkins told a small group of business leaders in Regina last week.
"We're focused on proving that there are commercial deposits of oilsands within Saskatchewan.'
Hopkins said Oilsands Quest has about half a million acres of land in the Athabasca oilsands region north of La Loche, which
is adjacent to several northern Alberta projects, notably Suncor's Firebag project. Accordingly, Oilsands Quest is
calling its project Firebag East, which is named for a
nearby lake.
"(Oilsands Quest's landholdings) are immense ... as large as
the largest in Alberta. We have a significant land position
and are positioned well against the existing industry.
But is there anything there?'
The short answer is yes.
"Structurally, we're within the same geological formation that the rest of the (Alberta) oilsands are in ... Geologically,
we think there's good potential there.'
With 25 years in the energy business, including stints with Suncor, Hopkins knows oilsands potential when he sees it.
And he definitely sees it in Saskatchewan.
From 1999 to 2004, Hopkins was a founder and vice-president of Synenco Energy Inc., which identified two billion barrels of bitumen in place in the area around Fort McMurray, Alta.
In fact, Hopkins left Synenco in 2004 after the decision was
made to take the company's Northern Lights Project
into commercial production.
"I'm not a development guy. I'm not an engineer,' said
Hopkins, who has a B.Sc. in environmental science and an MBA.
Instead, Hopkins was looking for a new challenge, which he
found across the border in northwestern Saskatchewan.
Hopkins joked that some people believe that the Alberta-Saskatchewan border has "stopped all migration of
bitumen eastward.'
Oilsands Quest is betting millions of dollars that the oilsands don't stop at the Alberta border.
Oilsands Quest was formed in late 2004, along with the publicly traded Calgary-based company CanWest Petroleum Corp., which
holds the majority of Oilsands Quest's stock.
CanWest owned land and options to acquire land in northwestern Saskatchewan, which were rolled into an operating subsidiary, Oilsands Quest.
Hopkins then raised several million dollars to acquire the additional lands and fund a drilling program in December 2005.
The company announced last week it was proceeding with
Phase 2 of its oilsands exploration project in
northwestern Saskatchewan.
Oilsands Quest is spending $4 million this year to build a camp to accommodate 100 workers, as well as roads to provide
access to four or five drilling rigs.
Phase 2 will include a 150-core-hole drilling program,
following up on Phase 1 -- a 25-core-hole drilling program
begun in December 2005.
The first phase is nearly complete, with 20 of the 25 core
holes drilled, and company officials "are very encouraged by
the results to date,' according to a company news release
last week.
In fact, the very first hole produced core samples with bitumen content ranging from 12 to 17 per cent, compared with 10 to 12 per cent for commercial oilsands projects in Alberta.
The early drilling results point to bitumen-bearing deposits
from five to 27 metres thick.
Ed Dancsok, director of the geology and petroleum lands branch
of Saskatchewan Industry and Resources, said Oilsands Quest
has confirmed what many industry observers have suspected for years.
"My first reaction to it is they've confirmed that which we already knew. But it's a modern-day confirmation of work
that was done in the '70s,' he said.
"What Oilsands Quest has done is basically confirmed those findings and, to some degree, has expanded the area that
is known to contain the oilsands.'
Dancsok said the Firebag East project could be the beginning
of more oilsands development in northwestern Saskatchewan.
"I think it's good news that it's now into the spotlight.
The oilsands do exist.'
It's also good news for the residents of La Loche, northern Saskatchewan's second-largest community, and members of the Clearwater River Dene First Nation.
Chief Roy Cheecham, of the Clearwater River Dene First Nation, said the development of the oilsands means more than just
jobs for band members.
"It's more than employment. The land being explored is in
our backyard, our traditional territory,' Cheecham said.
The Clearwater River First Nation intends to be a partner in
any oilsands development.
"We're not against development, but we want to be players in
the development.'
Cheecham added that Oilsands Quest has consulted extensively
with the band.
"We seem to have got off on the right foot.'
Hopkins believes that oilsands development could lead to an unprecedented economic boom in the northwest area of the province, similar to that in the Fort McMurray area.
"We're pioneers in a whole new industry in this province.
We know that, if successful, the value added (to the economy)
is huge.'
How big could Saskatchewan's oilsands development get?
"If our geological model proves out, after an extensive, exhaustive drilling program, our current thinking is there
could be 50 (billion) to 60 billion barrels of bitumen
(in place in northwestern Saskatchewan),' said Terry Lauder,
who handles corporate communications for Oilsands Quest.
While potential oil-in-place is not the same as recoverable barrels of oil, the northwestern Saskatchewan oilsands area
is roughly one-fifth to one-third the size of the northern Alberta oilsands region around Fort McMurray.
"The potential, geologically, that we've identified
is equivalent to 20 to 30 per cent of the Athabasca
oilsands region.
They say they've got roughly 300 billion barrels, so
I'm saying (northwestern Saskatchewan) has roughly
60 billion barrels of potential oil in place,'
Hopkins said.
In 25 years, Hopkins said he'd like to see four to six
oilsands projects in the northwest, costing $7 billion
to $10 billion each, and producing 500,000 to
600,000 barrels of bitumen a day.
"We're not only pioneering oilsands development in Saskatchewan,' Hopkins said.
"We believe we're pioneering the development of this quadrant
of the province in a much broader way. If we're successful, pipelines have to be built, upgrading facilities have to be developed or expanded ...
"We're really at the beginning of what may be quite a powerful economic engine in a pretty quiet portion of the province.'
(c) The Leader-Post (Regina) 2006
http://www.canwestpetroleum.com/s/MediaArticles.asp?ReportID=132594&_Type=Media-Articles&_Ti....
,
After lookin at that chart, I feel like I missed out already!
Though Im quite certain this is the beginning of a nice long right upwards, yes?
Jesty!
...PPTL...(Premium Petroleum)...
An oil and gas company that i've done some DD on.The O/S is reported at Pinks at 800M.The comapny has yet to file.....but look at the Mgt before judging based on just the O/S.And keep in mind....this is a 2-3 cent play now.
I was told by the owner/CEo that the float is 25M.
By: my69z
06 Mar 2006, 05:02 PM EST
Msg. 112 of 342
Jump to msg. #
..Best Stock For Potential I've Ever Seen...
Had to IHUB an e-mail I sent to my group today.
http://www.investorshub.com/boards/read_msg.asp?message_id=10029840
Glte,
Chris
-------------------------------------------------------
By: my69z
07 Mar 2006, 04:35 PM EST
Msg. 149 of 342
Jump to msg. #
From todays pr...it said " that the well has been successfully drilled and cased. "
Just pulled this off the net about "casing".Were obviously not at "commercial" or not...just postin it for info.
http://www.naturalgas.org/naturalgas/well_completion.asp
And can't help but notice that word...."hydrocarbons".
:))
Gltua,
Chris
---------------------------------------------------
By: my69z
10 Mar 2006, 05:02 PM EST
Msg. 193 of 342
Jump to msg. #
" production casing ".....
http://www.osha.gov/SLTC/etools/oilandgas/well_completion/well_completion.html
Keep in mind,,,MSEV and HBNR have said it was "cased"...not "production cased" like PPTL said today.
" the well has been cased with production casing."
Look at Fig.6
Chris
------------------------------------------------------
By: my69z
10 Mar 2006, 05:56 PM EST
Msg. 196 of 342
Jump to msg. #
" Based on the government's assumptions about future prices — that oil will hover at about $50 a barrel and natural gas will average about $7 per thousand cubic feet —"
http://www.commondreams.org/headlines06/0214-01.htm
Now go to www.premiumpetroleum.com
Under projects...notice the projections for each well.
And their estimates are based on oil being at $32 a barrel.
Chris
------------------------------------------------------
By: my69z
13 Mar 2006, 10:37 AM EST
Msg. 232 of 342
(This msg. is a reply to 231 by scatcat24.)
Jump to msg. #
Scat...from PPTL's web site,, " commissioned an internal engineering and geologic report on its Boyne Lake Gas Prospect, which is dated May 1, 2005. Based on oil at US$32 per barrel and gas at US$6.10 per Mscf, the net present value of Probable plus Possible Reserves discounted at 10% is US$4,391,530 per well. "
1. Oil is not close to $32
2. I saw a report from Mr.Webb's Citadel Engineering of projections around $13 for gas.
These guys work very detailed and fast....look at the pr's.
And keep in mind...PPTL's current big project is for 40 wells at Whitemud.
If all proves out...52 wells total between Boyne and Whitemud.
And being PPTL's in Alberta.....imagine a nice tar sand deposit.They could just sell the rights even.
There's alot of posters at MSEV who don't see the vital connection for them to PPTL natural gas wise.And now, with possiably similar O/S's....I think this one is easy to see.
Glty,
Chris
------------------------------------------------------
By: my69z
14 Mar 2006, 01:45 AM EST
Msg. 249 of 342
Jump to msg. #
..PPTL/Gas/Wild Cat/Rank Wild Cat...
In Habanero's pr, they said Boyne was doing as expected so far.From the PPTL web site..." Initial production rates are anticipated to be in the range of 0.5 to 1.0 MMscf per day.
That's their "initial" anticipations.And PPTL makes it very clear about where they're seismic lines and the drilling are...
" The lines tie in the neighbor's successfully tested well (3.4 million cubic feet of gas per day absolute open flow) three quarters of a mile northwest of the property..."
We understand it's best to be as close as possible to a producing well.And here's what that statement is really saying from PPTL....the 8th paragraph down says :
" Today, the average wildcat well has only one chance in ten of finding an economic accumulation of hydrocarbons. A rank wildcat, if drilled in a frontier area, stands only one chance in forty of success. The odds are much better for a development or extension well, but nothing is a sure bet in the oil business.
And the last paragraph says :
" Wildcat Well - An exploratory well drilled a mile or more from existing production. If the well is drilled in a frontier area where there is no existing production, then it is a rank wildcat.
http://www.sjgs.com/exploration.html
So, PPTL is saying....we have a very,very good chance of having an economical well.And from the pr's, they'll be expanding now.
And I looked at the future of Natural Gas....one of MANY reports on it out there. (lol )
______________________________________________________
http://www.usatoday.com/money/industries/energy/2005-12-19-lng-usat_x.htm
That has meant pain for consumers, because more than half the homes in the USA are heated by natural gas.
By 2025, U.S. consumption — mostly for electricity generation and industrial uses — is expected to rise an additional 20.5%, says EIA. That is almost twice the expected rate of increase in output from domestic gas wells.
--------------------------------------------------
The process of extracting oil from sands in the Canadian province of Alberta -- often looked to as a key new resource in a "safe" part of the world -- requires natural gas, and a lot of it.
Darley predicts that if the oil sands are to satisfy even one-eighth of North America's demand, they will have to absorb a quarter to a half of Canada's natural gas production!
Hydrogen is often hailed as a fuel of the future, but today, most hydrogen is manufactured from -- what else? -- natural gas.
Consumption of the world's natural gas will continue to accelerate, and in the rush, gas could prove even more volatile than oil, politically and economically as well as chemically.
http://www.alternet.org/story/26703/
Gltua,
Chris
--------------------------------------------------------
By: my69z
15 Mar 2006, 10:49 AM EST
Msg. 275 of 342
Jump to msg. #
Add-on to #112..more Mr.Bennett stuff...
Sorry, had to IHUB
Chris
http://www.investorshub.com/boards/read_msg.asp?message_id=10171326
------------------------------------------------------
By: my69z
16 Mar 2006, 03:18 PM EST
Msg. 317 of 342
Jump to msg. #
...PPTL's Secretary...
Had to IHUB this too...dang RB! lol
http://www.investorshub.com/boards/read_msg.asp?message_id=10198523
Chris
-------------------------------------------------------
By: my69z
19 Mar 2006, 05:59 AM EST
Msg. 333 of 342
Jump to msg. #
..Walton/Coral,,The O/S & Webb...
Had to IHUB due to links..
http://www.investorshub.com/boards/read_msg.asp?message_id=10235366
Gltua,
Chris
------------------------------------------------
By: my69z
20 Mar 2006, 02:39 AM EST
Msg. 340 of 342
Jump to msg. #
Trade...I also looked at PPTL saying in the Boyne pr's..
http://www.investorshub.com/boards/read_msg.asp?message_id=10243816
Glty,
Chris
Nevtah Relocates Pilot Scale Plant at Asphalt Ridge, Utah Tar Sands & Commissions Construction of Two Larger Scale Systems
PALM BEACH GARDENS, FL -- (MARKET WIRE) -- 03/09/06 -- Nevtah Capital Management Inc. (OTC: NTAH) today announced further progress on the development of its successful pilot plant operation in the Utah Tar Sands with its joint venture partner, Black Sand Energy Corp.
Since undergoing rigorous field testing and stabilizing from November, 2005 to the end of February, 2006, the joint venture partners' pilot plant project has been winterized as well as its support equipment, in order to maintain processing levels at colder temperatures. (See Press Release dated December 27th, 2005.) The pilot plant has since been moved a short distance away from the present operation, to one of the joint ventures' leases on Asphalt Ridge, where it is currently being assembled for production. A heating coil has been installed to minimize the accumulation of condensed water. A hydraulic motor has been installed on the plant's lower steam bowl to improve the removal of sand from the bottom of the wash chamber. Two basket-type devices have also been constructed to improve the heat transfer in the flash evaporator, and a conveyor system, complete with a remote-operation software program, has been set up.
An engineering firm has been commissioned to engineer the scale-up for two extraction units: the first one, a mobile unit to produce between 250-300 bbls per day, and a second, larger commercial unit that will produce 100 bbls per hour for an average daily output of 2000 bbls. (Annual production would be 800,000 bbls at 91% capacity.) The scaled-up plant is scheduled to be completed mid-2006. The joint venture partners' 4,190 acres in Asphalt Ridge are estimated to contain total recoverable oil reserves of 30,000 to 40,000 bbls per acre (DOE 1983 Estimates). In total, the joint venture partnership holds 11,535 acres in leases within the Utah Tar Sands areas of Asphalt Ridge, PR Springs and Sunnyside.
Nevtah and Black Sand Energy employ a proven, patented closed-loop solvent extraction technology to deliver oil at under $ 12.50 per barrel, including transportation costs. The technology was successfully demonstrated during a full-scale operation in Wyoming for one year, producing an average of 2000 bbls oil per day, as well as the current pilot plant project in Utah. This continuous flow system is totally closed loop and is very eco-friendly. It has near-zero solvent loss, produces minimal greenhouse gases and returns the cleaned-up sand to the environment, leaving the ecosystem in better-than-original condition. The highly scalable, patented technology works in locations that lack significant water resources and works efficiently on a wide range of host oil and sediment types. The result is a 99% oil recovery rate. Until now, the petroleum industry has not succeeded in finding a commercially viable process to recover oil from oil sands using conventional, solvent-based technology. With over a year of proven test results from a full-scale production plant, and from the current, successful pilot plant testing, the joint venture partners feel they now have a viable, efficient extraction system for the successful commercialization of the technology.
For more information, please visit the Company's website at: www.nevtahoilsands.com or contact Paul Davey, Investor Relations at: (778) 389-0915, Email: info@nevtahoilsands.com or Mr. Daniel P. Kesonen, President & CEO of Nevtah Capital Management at (561) 626-9901. Email: rlk@adelphia.net
Contacts:
Nevtah Capital Management, Inc.
Daniel P. Kesonen
President & CEO
561-626-9901
..Break Down Of Cassandra Energy...
Now private but J/V'd with Nevtah...NTAH (www.nevtahoilsands.com )
Came across this one when Michael Willams was to join CMKX and after looking into his company...BBN Wireless,,, realized "Cassandra Energy" could be a very valuable holding.I now laugh because I didn't even realize in May '05 the actual potential I was looking at.
( Sterling's board Mesg # 215752 )
I'am going to just spit it out to keep this short as possiable and will shoot links to anyone who asks for'em. ( you guys trust me. LOL )
Cassandra Energy has liscensed their extraction tech from a company called X-TRAC.X-TRAC is the only company that had a DOE approved,solvent,closed-loop extraction approved to "Transfer" by the DOE in '98.
And they said back then that they'd be looking for a partner to fund/build a 2100 barrel/day plant.
We all know what happen to oil prices then...fell to round $18
Cassandra said in May '05 they had the exclusive liscense from a "company" and would be improving on it.....it's right in the pr's from '05.They just didn't say who the "Co" was.
Cassandra also says their leases have 900M barrles of Tar Sands from past core samples.
That part is very important..."their" leases and "core samples".Although i'am sure they'll be re-sampling.
Nevtah...their J/V: Run by Mr.Densonen.He also runs RLK International..: from the website about RLK:
An international investment and venture capital corporation with offices in Florida and Zurich , Switzerland .
Sooo, we have a tech that is useless without the other company( no liscensing worries for Cassandra)....leases with potentially as much oil as Wolverine Oil found and an investment firm.
Result.... a public company that has the ONLY DOE approved Tar Sand extraction tech in the U.S.. Which by the way can be used on both types of Tar Sands..."oil wet", "water wet".They can go after the world's Tar Sands...no tjust Canada's "water wet".
And the BLM has started impact meetings with communities to determine a policy.
-----------------------------------------------------------
Nevtah's '05 daily avg was 77K shares....2006 is 200K a day.
Tax Relief for Oil Shale and Tar Sands Development:
Allows for the expensing of new technology expenditures for tar sands and oil shale development.
Royalty Relief:
Federal Share of royalties for initial development of tar sands and oil shale would be reduced on a sliding scale with greater relief when oil prices are low and no relief if prices exceed $60 a barrel. States would receive their full royalty.
School & Institutional Trust Lands Admin 801-538-5151
Mineral Claims Act S32 amended by Congress ( Hatch/Bennet in Dec.'05 )
The X-TRAC tech/approval...
Project 11. Closed-Loop Extraction of Hydrocarbons and Bitumen from Oil-Bearing Soils, operated by X-TRAC Energy, Inc.
Oil-bearing soil was mined from the P.R. Springs and the Asphalt Ridge tar sand deposits in Uintah County, Utah, and delivered to X-TRAC Energy's demonstration test facility site at the Sherard Dome Field in Washakie County, Wyoming, for processing. A closed-loop extraction
system employing recyclable hydrocarbon solvents was used to extract hydrocarbons and bitumen from oil-bearing tar sands efficiently and in an environmentally safe manner. The test
facility contained an entirely closed-loop system for the recovery of the extraction solvents and
extracted hydrocarbons which allowed the separation, recapture and recycling of the solvents during the process. The field test was conducted using the large-scale extraction equipment and the tar sand material was processed without difficulty. Twenty thousand pounds of P.R. Spring
tar sand material was crushed and processed through the extraction unit, recovering approximately 125 gallons of bitumen. Eighteen thousand pounds of Asphalt Ridge tar sand material was also crushed and processed through the extraction unit, also recovering
Program Objective Met?
The program objective was met. The project successfully demonstrated that the process is economic and environmentally safe.
Application
(area/region)
The technology has world-wide application to all mineable tar sand deposits with market availability.
UTAR Energy (previously X-TRAC Energy) is proceeding to obtain partners and/or financing to begin commercial operations at the Utah tar sand deposit site with a 700-800 Tons/year processing plant. The western United States annual 1994 road asphalt market usage was 5.6 million tons and the roofing asphalt market usage was 671 thousand tons. The road asphalt market has been projected to increase at +10% per year, as the repair of the nations highway system becomes a high priority.
Limitations
Requires mineable heavy oil/tar and deposits and market demand for the hydrocarbon product(s)
produced.
Recommendations
Encourage commercial development of this technology and incorporate into the Technology Transfer
Program.
When comparing this to the other 3 extraction companies....keep in mind that Nevtah/Cassandra is scalable & portable
and they are "heavy oil".Uses no water and is EPA approved for mine backfill.
On a seperate note...consider what Hatch LTD is doing...
Hatch Ltd. — The consortium members will design, build and operate a 2,000-barrels-of- oil-per-day demonstration plant to field test a patented process (N-SolvTM) for in-situ extraction of oil from tar sands using a pure condensing solvent. The principal advantages of
this process are commercially attractive oil-production rates with -- when compared to steam injection -- a 90 percent reduction in energy costs and an effective 80 percent reduction in greenhouse gas emissions. In addition to that, the process does not consume
any water and produces an enhanced-quality oil product with higher value. The N-Solv demonstration plant will provide the data required to confirm the key technical, geological, environmental and economic parameters of the process. An oil company will host the demonstration plant.
There's alot of "Tar Sand" potential right here in the U.S..
www.nevtahoilsands.com has some info there.
Gltua,
Chris
IVAN: What do you think of technology and company, especially the CEO?
Post your picks for this wk..all sectorz - money is money.P.
Got a couple in mind for here.And what about Oil Shale extraction companies too??
Chris
Finally, just thinkin of a board like this, saves time. Post your picks here, advertise your board: http://www.investorshub.com/boards/board.asp?board_id=5388
Jan 2006 " Oil Sands - 60 Minutes" Documentary -
The Oil Sands Of Alberta & Saskatchewan's Canadian Oil Sands -
Where Black Gold And Riches Can Be Found -
In The Oil Sands -
CBS Correspondent Bob Simon (WMV)
MUST LISTEN /GREAT INTERVIEW/HOPKINS -
http://www.secureretirement.ca/
January 2006 "60 Minutes" documentary -
Here's the link -
http://content.thewebvideo.com/Vidz/Oilsands.wmv
Alberta and Saskatchewan's Oil Sands -
ROBTV - The Street with Bridgitte Anderson -
Dave Forest, senior analyst, Casey Research -
http://ad.ca.doubleclick.net/adx/video.robtv.com/video;mode=d;feed=vod;spd=h;product=video;video_id=....
http://www.robtv.com/articles/rob.tv/335/oilprograms.html
The Largest Known Oil Reserves In The World -
http://www.investorshub.com/boards/board.asp?board_id=6668
http://www.oilsandsquest.com/our_projects/index.html
http://www.oilsandsquest.com/investor_information/presentations/ir_presentation_22_09_06.pdf
http://www.canwestpetroleum.com/
http://tinyurl.com/7qfdp
CWPC Largest Crude Oil Tar Sand Land Holdings -
Saudi Arabia look out -
The bitumen-laden dirt in Northern Alberta and Saskatchewan's
Oil Sands is expected to yield billions of barrels of oil,
making Canada a huge supplier of energy to the world.
With skyrocketing oil prices, this “black gold” is fuelling
Canada’s economy to capacity and providing huge returns for
investors.
The rapid pace of development is straining the infrastructure.
Report on Business Television talks to leading CEO’s,
industry experts and others in a comprehensive exploration
of this Canadian gold rush story.
It’s do-not-miss coverage for investors and investors-to-be!
http://www.oilsandsquest.com/our_projects/index.html
http://otcfn.com/cwpc/articles/cwpc_profile.pdf
http://tinyurl.com/c8uws
http://tinyurl.com/9rwct
http://tinyurl.com/99lky
http://www.investorshub.com/boards/board.asp?board_id=6668
CanWest Petroleum Corporation: Core Drilling Started
December 18 Firebag East Athabasca Oil Sands
Project
http://tinyurl.com/b7nrp
CWPC TA S-Chart *** Alert bullish flag ***
a falling wedge is usually bullish -
PerfChart - Interactive Performance Comparison Chart -
http://stockcharts.com/webcgi/perf.html?CWPC,COS/UN.TO,XOM,SU,ECA,VLO
http://tinyurl.com/c3sza
Stick with the winners - follow the Flow -
Go with the trend -
http://tinyurl.com/7setf
Let's ride them until you have a clear reason to sell -
Let our profits ride - very large profit trades -
can only come from following the long term trends -
to the end of the trend -
It's not how much we make, it's how much we keep -
that matters.
http://finance.yahoo.com/q?s=cwpc.ob
http://biz.yahoo.com/bw/060206/20060206006003.html?.v=1
http://www.canwestpetroleum.com/s/Home.asp
Tia. Brgds.
Money Masters: Federal Reserve History part 1 of 3
http://video.google.com/videoplay?docid=8442305921010099392&q=conspiracy
Money Masters: Federal Reserve History part 2 of 3
http://video.google.com/videoplay?docid=5020331178524208549&q=conspiracy
Money Masters: Federal Reserve History part 3 of 3
http://video.google.com/videoplay?docid=6666372716915416357&q=conspiracy
sydneypeakoil.com/phpBB3/index.php
The big picture -
http://www.netcastdaily.com/broadcast/fsn2007-0210-3a.m3u
http://www.sim.org/
http://www.vatican.va
http://tinyurl.com/365wag
Welcome to the Crude Oil Tar Sand Companies discussion board
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