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Knew this was going to happen years ago.
Is this company doing business?
Is the company still in business?
and how can the pps still remain at the same level when we haven't heard ANYTHING from the CEO?
US OIL SANDS INC. PROVIDES PROJECT UPDATE AND ANNOUNCES SECOND QUARTER 2015 RESULTS
http://www.usoilsandsinc.com/index.php?page=home
CALGARY, ALBERTA August 28, 2015 – US Oil Sands Inc. ("US Oil Sands" or the "Company") (TSXV: USO), a company focused on oil sands exploration and production in Utah, having developed a proprietary technology that addresses both the low oil price commodity markets and the continued environmental pressures facing the oil sands industry, today announced that it has filed its unaudited interim financial statements (“Interim Report”) for the three month period ended June 30, 2015 (“Q2 2015”) along with the management discussion and analysis (“MD&A”) of the financial results of US Oil Sands for such period.
A copy of the aforementioned documents may be found for viewing on the System for Electronic Document Analysis and Retrieval website at www.sedar.com as well as US Oil Sands’ website at www.usoilsandsinc.com.
The second quarter for US Oil Sands marked the commencement of 2015 field construction at the PR Spring Project site as utility infrastructure, piles and foundations and pipeline work began. This has been followed by a steady stream of equipment deliveries and subsequent installation as the various elements of the PR Spring Project are completed in readiness for commercial start-up in the fourth quarter.
“After several years of testing, design and preparation, it is exciting to see all the facets of our project come together”, said Cameron Todd, CEO of US Oil Sands. “We are quickly closing in on the finish line with mechanical completion scheduled in just weeks. The project is on budget and targeted for first oil in the fourth quarter. By year-end we expect to be demonstrating our breakthrough extraction technology by delivering clean oil to market from the world’s first commercial oil sands mining and extraction project that does not require a tailings pond. There are a lot of eyes on us and we look forward to fulfilling expectations of the most capital-efficient and environmentally-responsible oil sands project”.
SELECTED QUARTERLY HIGHLIGHTS
Since April 1, 2015, the Company:
Engaged additional construction management team members, recruited operations management and staff, administration and health, safety and environment personnel.
Commenced field work in early May with construction of foundations and pilings, trenching and underground utilities, water and gas supply pipelines, pipe racks, construction office and security command post;
Received key pieces of equipment at PR Spring Project site which were fabricated off-site including primary and secondary separation vessels, a rotating mixer, a clarifier, and a spiral vapour condenser;
Initiated construction of mine opening including haul roads, over-burden removal and topsoil preservation and storage;
Received a favourable ruling from the Utah Division of Oil, Gas and Mining regarding a challenge to the amendment to the Company’s Large Mine Permit whereby the Company applied to optimize the mining sequence at PR Spring which reduces the size of storage areas required for overburden and tailings;
Upgraded the Company’s pilot demonstration unit located at our Grande Prairie, Alberta research and development facility; and
Issued favorable results of testing completed on Canadian oil sands from the Athabasca region of Alberta to Alberta–based research partners. Tests showed USO’s process was notably effective on deposits with low grade bitumen and high clay fines.
“The company’s modular approach to construction has allowed a great deal of off-site fabrication and packaging to take place at multiple staging points, said Cameron Todd, CEO of US Oil Sands. “These modules are now converging on the PR Spring site for final erection and have allowed the Company to greatly increase efficiency, contain costs and improve quality”.
OPERATIONAL HIGHLIGHTS
The second quarter was the most visibly busy quarter in the Company’s history. With the PR Spring Project on budget and scheduling for first oil in the fourth quarter, the pace of field activity is being matched by behind-the-scenes preparation for a safe and smooth commissioning and start-up. As equipment deliveries to Utah based fabrication shops continued, systems were fabricated and packaged for field delivery throughout Q2 and will continue into Q3 2015.
The Company’s PR Spring Project Team and Operations Team are focused on delivering, commissioning and starting up the Project in Q4 2015. The Company’s recruiting program to hire 21 operations personnel commenced in early 2015 with excellent success, and efforts continue as the Company looks to hire and train the remaining plant operators, quality assurance and ore control technicians by the end of Q3 2015.
OUTLOOK
The Company will continue to execute on Phase 1 of the PR Spring Project with on-site erection and installation of the process extraction plant modules as they arrive to site in accordance with the Company’s Construction Execution Plan. Field assembly will continue throughout Q3 2015, followed by commissioning and commercial start-up in Q4 2015.
The Company anticipates having sufficient funds to complete the PR Spring Project however in light of the continued low oil price environment together with the potential for unexpected completion, start-up and operating costs, the Company believes it is prudent to pursue a financing to provide a modest working capital cushion as operations increase to the planned 2,000 barrel per day capacity.
Management will continue to investigate and pursue business development opportunities for the Company’s technology, including expansion of its Utah business, as well as opportunities to work with Athabasca oil sands developers to demonstrate the technology’s favourable extraction capabilities. The Company will broaden its working relationships with leaseholders and government agencies supporting development of Canadian and Utah oil sands.
ABOUT US OIL SANDS INC.
US Oil Sands is engaged in the exploration and development of oil sands properties and, through its wholly owned United States subsidiary US Oil Sands (Utah) Inc., has a 100% interest in bitumen leases covering 32,005 acres of land in Utah’s Uinta Basin. The Company plans to develop its oil sands properties using its proprietary extraction process which uses a bio-solvent to extract bitumen from oil sands without the need for tailings ponds. The Company is in the pre-production stage, anticipating the commencement of bitumen production and sales in 2015.
The foregoing information contains forward-looking information relating to the future performance of the Company including information relating to resource estimates, the development and construction of the PR Spring Project, commencement of commercial production, financing and corporate development activities. Forward looking information is subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Such risks and other factors include, among others, the actual results of exploration activities, changes in world commodity markets or equity markets, the risks of the petroleum industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes, change in government and changes to regulations affecting the oil and gas industry, and other risks and uncertainties detailed from time to time in the Company's filings with the Canadian securities administrators (available at www.SEDAR.com). Forward-looking statements are made based on various assumptions and on management's beliefs, estimates and opinions on the date the statements are made. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information contained herein. The Company undertakes no obligation to update forward-looking statements if these assumptions, beliefs, estimates and opinions or other circumstances should change, except as required by applicable law.
Discovered bitumen resources or discovered bitumen initially-in-place is that quantity of bitumen that is estimated, as of a given date, to be contained in known accumulations on Company lands prior to production. Best estimate is considered to be the best estimate of the quantity that will actually be in-place. It is equally likely that the actual remaining quantities in-place will be greater or less than the best estimate. There is no certainty that it will be commercially viable to produce any portion of the resources. Additional information relating to resource estimates is contained in the Company’s Statement of Resources Data and Other Oil and Gas Information for the year ended and dated December 31, 2014 and available on SEDAR at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.[color=red][color=red][/color][/color]
http://business.financialpost.com/news/energy/utah-set-to-be-home-of-first-oilsands-mine-project-in-us-by-end-of-2015
July 21, 2015 6:12 PM ET
CALGARY – Despite fierce opposition from American environmental groups, the first commercial oilsands mine in the United States is just months away from starting up after receiving final regulatory approvals from officials in Utah late last week.
“We’ll be in production later in the fall with commercial production before the end of the year,” U.S. Oil Sands Inc. chief executive Cameron Todd said in a phone interview Tuesday.
Calgary-based U.S. Oil Sands is working through the summer to complete a 2,000-barrel-per-day oilsands mine in eastern Utah, which would make it the first commercial oilsands mine in the United States when it begins producing later this year.
Todd noted that oilsands deposits have been used in the U.S. in the past, including in the construction of the first roads in Utah, but have never been mined on a commercial scale. The Uinta basin in the northeastern and central southeastern of the state has more than 50 identified oil sands deposits, with an estimated total of 20 to 32 billion barrels of oil in place.
Late on Friday afternoon, the Utah Department of Natural Resources’ Division of Oil, Gas and Mining announced approvals for an amendment to US Oil Sands’ mine, which is currently under construction about 200 miles southeast of Salt Lake City.
The decision, released after a public hearing on the mine, requires U.S. Oil Sands to conduct water monitoring and submit a monitoring plan for the project by Nov. 1, and the company has indicated that it will comply with those regulations.
Officials from the Utah division of oil, gas and mining did not respond to a request for comment on Tuesday.
“We’ve seen a number of ways to improve the original design,” Todd said. He added that the amendment would increase the size of the project area but “greatly reduce the amount of tailings that would need to be deposited.”
For instance, the company will be using a mining method called “concurrent reclamation,” where the sand from the mine is being replaced at close to the same rate as the oilsands ore from the mine pits are being extracted.
The company is also using a solvent derived from citrus in oranges to extract the oil from the oilsands ore, which Todd said, helps eliminate the need for large tailings ponds like those in northern Alberta.
The company’s plans in Utah were fiercely opposed by what Todd called “anti-development activists,” which participated in public hearings in Utah on the project’s impact, but he said he was confident the company could successfully operate an oilsands mine with minimal tailings.
“The Division of Oil Gas and Mining’s requiring U.S. Oil Sands to devise a ground-water monitoring program and comply with air quality regulations before the PR Spring tar sands mine undergoes a four-fold expansion is a victory for public health and conservation advocates,” Rob Dubuc, staff attorney with environmental group Western Resource Advocates said in a statement.
If it’s successful, the company may seek to monetize its technology through licensing agreements with oilsands mine operators around Fort McMurray, he said.
Despite the citrus-assisted extraction method, U.S. Oil Sands’ mine is being built at roughly a third of the capital cost of larger oilsands mines in northern Alberta, where new capacity is added for about $100,000 per barrel.
At a cost of $60 million, the capital cost of the mine in Utah will be roughly $30,000 per barrel of new capacity and will likely operate at a cost under $30 per barrel.
Once U.S. Oil Sands proves that the company’s extraction method can work, Todd said the company could increase the size of the mine by 10,000 bpd and potentially build other oilsands mines on bitumen deposits in the States and around the world.
US Oil Sands begins work on plant in Uintah County
Can you smell that, Smells like Black Gold
http://www.ubmedia.biz/vernal/news/article_4b374022-f828-11e4-9cbe-236e51210b93.html?mode=story
RenuEn Corp ?@RenuEnCEO 21h21 hours ago
"Judge Awards More Than $3 Mil. in Damages in Internet Defamation Case " on @LinkedIn https://www.linkedin.com/pulse/judge-awards-more-than-3-mil-damages-internet-case-whitney-gibson …
US OIL SANDS INC. PROVIDES OPERATIONAL UPDATE AND ANNOUNCES FIRST QUARTER 2015 RESULTS
US Oil Sands Inc. Provides Operational Update and Announces First Quarter 2015 Results
CALGARY, ALBERTA May 28, 2015 – US Oil Sands Inc. ("US Oil Sands" or the "Company") (TSXV: USO), a company focused on oil sands exploration and production in Utah, having developed a proprietary technology that addresses and overcomes both the low oil price commodity markets and the continued environmental pressures facing the oil sands industry, today announced that it has filed its unaudited interim financial statements (“Interim Report”) for the three month period ended March 31, 2015 (“Q1 2015”) along with the management discussion and analysis (“MD&A”) of the financial results of US Oil Sands for such period.
A copy of the aforementioned documents may be found for viewing on the System for Electronic Document Analysis and Retrieval website at www.sedar.com as well as US Oil Sands’ website at www.usoilsandsinc.com.
In the first quarter this year, US Oil Sands initiated its construction management team in order to commence PR Spring field construction in May. Construction is underway at the site as utility infrastructure, piles and foundations and pipeline work has been kicked off.
“We are thrilled to have tapped a construction team of this high caliber”, said Cameron Todd, CEO of US Oil Sands. “The project is on budget and we expect to be demonstrating our breakthrough extraction technology with a Q4 start-up. Before year-end, we are planning to be delivering clean oil to market from the world’s first commercial oil sands mining project without a tailings pond”.
SELECTED QUARTERLY HIGHLIGHTS
Since January 1, 2015, the Company:
Expanded PR Spring project staff with the engagement of a construction manager, logistics, procurement personnel and inspection personnel;
Placed orders for shipment of key long-lead pieces of equipment from overseas to the US, with transportation to fabricators occurring after quarter-end;
Transitioned the engineering contract and key engineering contract personnel to Precision System Engineering, Inc., an experienced local Salt Lake City firm, as a result of Kellogg Brown & Root LLC’s decision to shut down their Mineral Engineering Division and close its Salt Lake office;
Completed upgrades and improvements to the pilot demonstration unit and laboratory in the Grande Prairie research and development facility; and
Completed a testing program using oil sands supplied from the Athabasca region of Alberta. Tests were designed and completed with the participation of two Athabasca oil sands industry operators alongside a Province of Alberta agency supporting technology development in the Canadian oil sands. Results clearly demonstrated that the Company’s technology has broad application in Alberta as well as Utah. The process was notably effective on low grade bitumen and high clay fines ore.
OPERATIONAL HIGHLIGHTS
The PR Spring Project is expected to be on schedule and on budget. Equipment deliveries to Utah based fabrication shops continue as systems are fabricated and packaged for field delivery throughout Q2 and Q3 2015. The Company’s PR Spring Project Team and Operations groups are focused on delivering, commissioning and starting up the Project in early Q4 2015. Recruiting of key operations staff commenced in Q1 2015 and efforts continue as the Company looks to hire and train 21 operations personnel by the end of the Q3 2015.
Coincident with the release of its year-end financial information, and in compliance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities, the Company released the independent resource evaluation report issued by Calgary-based Sproule Unconventional Limited ("Sproule") dated December 31, 2014. The evaluation results detail the bitumen resource assessment of the Company's PR Spring property in Utah as of December 31, 2014, and incorporate the results of the 184 wells drilled and cored on the Company’s PR Spring development block in 2011 and 2012. Sproule’s independent best estimate of discovered resource is 184.3 million barrels and remains unchanged from the prior year.
SUBSEQUENT EVENTS
On May 27, 2015, US Oil Sands held its Annual General and Special Meeting of Shareholders. The Company is pleased to report that all resolutions were passed as presented in the Company’s Management Information Circular dated April 22, 2015. The Company’s presentation to shareholders can be viewed by visiting www.usoilsandsinc.com.
OUTLOOK
The Company will continue to execute on Phase 1 of the Project with off-site fabrication of the process extraction plant modules in progress. As equipment arrives into our Utah fabricator’s yards, it will be fit out with piping, electrical, instrumentation and controls and readied for transportation to the Project site in accordance with the Company’s Construction Execution Plan. Field assembly will take place throughout Q2/15 and Q3/15, followed by commissioning and commercial start-up in Q4/15.
Management will continue to investigate and pursue business development opportunities for the Company’s technology, including opportunities to work with Athabasca oil sands developers to demonstrate the technology’s favourable extraction outcomes. The Company will broaden its working relationships with leaseholders and government agencies supporting development of Canadian oil sands.
ABOUT US OIL SANDS LTD.
US Oil Sands is engaged in the exploration and development of oil sands properties and, through its wholly owned United States subsidiary US Oil Sands (Utah) Inc., has a 100% interest in bitumen leases covering 32,005 acres of land in Utah’s Uinta Basin. The Company plans to develop its oil sands properties using its proprietary extraction process which uses a bio-solvent to extract bitumen from oil sands without the need for tailings ponds. The Company is in the pre-production stage, anticipating the commencement of bitumen production and sales in 2015.
The foregoing information contains forward-looking information relating to the future performance of the Company including information relating to resource estimates, the development and construction of the PR Spring Project, commencement of commercial production and corporate development activities. Forward looking information is subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Such risks and other factors include, among others, the actual results of exploration activities, changes in world commodity markets or equity markets, the risks of the petroleum industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes, change in government and changes to regulations affecting the oil and gas industry, and other risks and uncertainties detailed from time to time in the Company's filings with the Canadian securities administrators (available at www.SEDAR.com). Forward-looking statements are made based on various assumptions and on management's beliefs, estimates and opinions on the date the statements are made. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information contained herein. The Company undertakes no obligation to update forward-looking statements if these assumptions, beliefs, estimates and opinions or other circumstances should change, except as required by applicable law.
Discovered bitumen resources or discovered bitumen initially-in-place is that quantity of bitumen that is estimated, as of a given date, to be contained in known accumulations on Company lands prior to production. Best estimate is considered to be the best estimate of the quantity that will actually be in-place. It is equally likely that the actual remaining quantities in-place will be greater or less than the best estimate. There is no certainty that it will be commercially viable to produce any portion of the resources. Additional information relating to resource estimates is contained in the Company’s Statement of Resources Data and Other Oil and Gas Information for the year ended and dated December 31, 2014 and available on SEDAR at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
RenuEn Corp @RenuEnCEO · May 19
Sure are a lot of Florida Solar companies throwing stones from within those glass houses
WooooHaaaa People are still believing & Investing in RENU
RENU!!!
RenuEn Corp @RenuEnCEO · Mar 2
All ethics complains filed against Alex Kim by Cathy Lerman and company dismissed as unfounded. @JennStrathman #Renuen
RENU Long!
Snizzle, I have a pacer account, but I myself dont know where to look for the doc's in the case(s)
Could you provide a link?
Long RENU
NO Fins ???
US OIL SANDS INC. ANNOUNCES 2014 YEAR END RESULTS, FILING OF RESOURCE EVALUATION REPORT, GRANT OF SECURITY BASED COMPENSATION AND PROVIDES OPERATIONAL UPDATE
http://www.usoilsandsinc.com/
When are Fins due
I certainly hope so, since they employ staff
When are the fins due??
MERRY CHRISTMAS
TO ALL
ROAD TRIP TO FLA
I Would love to be in this courtroom when ALLthis hits the fan.
Found this interesting site for home owner(s) interested in solar
http://mobile.solar-estimate.org/?aff=1&cam=23
RENU
I've been waiting a long Time for this happen
The company has recently begun expanding into the commercial construction field with the
anticipated signing of a renovation contract on a hotel and resort in Kissimmee Florida. The
project is scheduled to begin in early December and carry into the first quarter on 2015. The
company is also in talks with persons interested in developing a green community in Florida as
well as other resort owners seeking to complete energy efficient upgrades to their properties
throughout the Central Florida Market.
US Oil Sands Inc. Provides Operational Update, Announces Third
Quarter 2014 Results
GARY, ALBERTA November 18, 2014 – US Oil Sands Inc. ("US Oil Sands" or the "Company") (TSXV:
USO), a company focused on oil sands exploration and production in Utah today announced that it has
filed its unaudited interim financial statements (“Interim Report”) for the three month period ended
September 30, 2014 (“Q3 2014”) along with the management discussion and analysis (“MD&A”) of the
financial results of US Oil Sands for such period.
A copy of the aforementioned documents may be found for viewing on the System for Electronic
Document Analysis and Retrieval website at www.sedar.com as well as US Oil Sands’ website at
www.usoilsandsinc.com.
“US Oil Sands met a significant milestone during the quarter by completing the grading and preparation
of the PR Spring Project plant site and procuring all major equipment for the PR Spring Project,” said
Cameron Todd, CEO of US Oil Sands. “We are excited to progress to the fabrication phase of the Project
in preparation for modular installation, commissioning and ultimately, commercial production in 2015.”
SELECTED QUARTERLY HIGHLIGHTS
Since July 1, 2014, the Company:
• Announced that it ordered all of the major equipment components required for construction of
the PR Spring Project (the "Project");
• Announced that it completed field construction of the plant site to accept delivery of process
extraction equipment modules when shop fabrication is complete;
• Initiated construction of foundations for the facility warehouse to be completed prior to year
end;
• Continued mine planning efforts to refine and optimize detailed pit sequencing and mine
logistics;
• Opened a second office location in Utah to establish a local presence and act as a base of
operations for the Project; and
• Announced the addition of Mr. Ed Koshka, Vice President, Business Development & Marketing,
to its executive management team effective September 2, 2014.OPERATIONAL HIGHLIGHTS
During the third quarter of 2014, the Company’s project team continued to work with its engineering
consultants and equipment suppliers to complete final engineering design and procure equipment for
the PR Spring Project. Having ordered all of the major equipment components required for construction
of the Project and completed construction of the plant site, it will focus on foundation and building
construction into 2015. The Company is targeting installation in mid-2015 with commissioning to follow.
Process Flow Diagrams (PFD’s) for the major equipment were completed during the quarter and Piping
and Instrumentation Diagrams (PID’s) were underway for most equipment packages. The Company
continued field work, substantially completing plant-site grading and making further progress on
roadways and utility supply infrastructure. Mine planning efforts to optimize detailed pit sequencing and
mine logistics continued to progress. The Company opened a second office location in Utah to establish
a local presence and act as a base of operations for the Project.
OUTLOOK
For the remainder of 2014, the Company will continue to focus on the PR Spring Project Phase 1 detailed
engineering of the modules. Management anticipates that the off-site fabrication of the process
extraction plant modules will begin in the first quarter of 2015, with final off-site fabrication and field
assembly occurring in mid-2015, followed by commissioning and commercial start-up.
To ensure a ready inventory of future mineable assets for the Company, management intends to
continue to pursue opportunities to add additional resource lands by assessing growth prospects and
furthering regulatory application efforts.
ABOUT US OIL SANDS LTD.
US Oil Sands is engaged in the exploration and development of oil sands properties and, through its
wholly owned United States subsidiary US Oil Sands (Utah) Inc., has a 100% interest in bitumen leases
covering 32,005 acres of land in Utah’s Uinta Basin. The Company plans to develop its oil sands
properties using its proprietary extraction process which uses a bio-solvent to extract bitumen from oil
sands without the need for tailings ponds. The Company is in the pre-production stage, anticipating the
commencement of bitumen production and sales in 2015.
The foregoing information contains forward-looking information relating to the future performance of the
Company including information relating to the development and construction of the PR Spring Project, mine
planning, commencement of commercial production and corporate development activities. Forward looking
information is subject to a number of known and unknown risks, uncertainties and other factors that may cause
actual results to differ materially from those anticipated in our forward looking statements. Such risks and other
factors include, among others, the actual results of exploration activities, changes in world commodity markets or
equity markets, the risks of the petroleum industry including, without limitation, those associated with the
environment, delays in obtaining governmental approvals, permits or financing or in the completion of
development or construction activities, title disputes, change in government and changes to regulations affecting
the oil and gas industry, and other risks and uncertainties detailed from time to time in the Company's filings with the Canadian securities administrators (available at www.SEDAR.com). Forward-looking statements are made
based on various assumptions and on management's beliefs, estimates and opinions on the date the statements
are made. Should one or more of these risks and uncertainties materialize, or should underlying assumptions
prove incorrect, actual results may vary materially from those described in the forward-looking information
contained herein. The Company undertakes no obligation to update forward-looking statements if these
assumptions, beliefs, estimates and opinions or other circumstances should change, except as required by
applicable law.
Discovered bitumen resources or discovered bitumen initially-in-place is that quantity of bitumen that is
estimated, as of a given date, to be contained in known accumulations on Company lands prior to production. Best
estimate is considered to be the best estimate of the quantity that will actually be in-place. It is equally likely that
the actual remaining quantities in-place will be greater or less than the best estimate. There is no certainty that it
will be commercially viable to produce any portion of the resources. Additional information relating to resource
estimates is contained in the Company’s Statement of Resources Data and Other Oil and Gas Information for the
year ended December 31, 2013 dated April 2, 2014 and available on SEDAR at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Fins are late
IMO there's NO Transparency anymore,The CEO needs run the company in a EFFICIENT manner while the company lawyers pursue the RICO case
I hope that The company (RenuEn) has had continued growth during this past quarter, Otherwise the fins are going to be dismal!
FS I dont know how you maintain your composure. Almost every neg tweet I've read had your name mentioned. I myself would be one pissed off investor looking for some payback!
I wouldn't be surprised if the WSJ and the New York Times picked up on this
My Business partners & I said from day one, When all this nonsense started, That the feds should be brought in (RICO)
This time next year, The PPS will be in dollar land
With all the BS going on, The PPS hasn't fallen into the tripps.
IMO this is an interesting read:
http://renuentruth.wordpress.com/2014/10/10/they-dont-think-we-are-that-stupid-do-they/
twitter
RenuEn Corp @RenuEnCEO · Sep 23
The Coral Springs PD has removed the fraudulent info about RenuEn and its employees. More to come. #RENUEN @lermanlawfirm @agesincsolar
http://www.theguardian.com/environment/2014/aug/27/ubs-investors-renewables-revolution?utm_content=bufferc2a9b&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer
btw, great DD you guys, have a safe and happy Labor day
RENU
LOL with DumpsterDiver !!!
Alberta Ministers of Energy and Transportation & Infrastructure Tour
US Oil Sands’ Grande Prairie Pilot Facility
http://www.usoilsandsinc.com/en/news/140710_uso_minister_visit_final.pdf
CALGARY, ALBERTA July 10, 2014 – US Oil Sands Inc. ("US Oil Sands" or the "Company") (TSXV: USO), a
company focused on oil sands exploration and production in Utah, recently welcomed The Honourable
Diana McQueen, Alberta Minister of Energy, and the Honourable Wayne Drysdale, Minister of
Transportation & Infrastructure, to tour its bitumen extraction pilot facility in Grande Prairie, Alberta.
Management also welcomed Ross Chow, Vice President, Oil & Gas Sector, Alberta Innovates –
Technology Futures to learn about the Company’s environmentally sustainable bitumen extraction
technology.
“US Oil Sands developed this facility in
2007 and we’ve successfully
demonstrated the use of our
biodegradable, non-toxic bio-solvent
to extract bitumen from a variety of oil
sands,” said Cameron Todd, CEO of US
Oil Sands. “The Ministers’ visit will
bring awareness of our breakthrough
extraction process which eliminates
the need for tailings ponds and offers
numerous environmental and
economic benefits when compared to
current oil sands projects.”
The facility has allowed the Company
to optimize its extraction process,
improving bitumen recovery from a
broader range of oil sand ores, increasing solvent and water recovery, and reducing overall operating
costs. US Oil Sands’ Board of Directors recently approved a series of major project enhancements and
made the Final Investment Decision to proceed with construction of Phase 1 of the PR Spring Project in
Utah which is expected to achieve commercial production in the second half of 2015.
Utah Supreme Court Dismisses Challenge against US Oil Sands’ PR
Spring Project, Affirms Validity of the Company’s Permit
CALGARY, ALBERTA June 25, 2014 – US Oil Sands Inc. ("US Oil Sands" or the "Company") (TSXV: USO), a
company focused on oil sands exploration and production in Utah, announced today that the Utah
Supreme Court (the "Court") has dismissed the only outstanding regulatory challenge made against the
Company’s PR Spring Project (the "Project"), located in Utah’s Uintah and Grand Counties. In a
unanimous decision, the Court found that the groundwater discharge permit-by-rule originally issued in
2008 by the Utah Division of Water Quality was correctly issued based on the conclusion that the
Company’s extraction process would have a "de-minimus" or negligible impact on ground water quality.
Notably, the Company’s process uses low impact, non-toxic substances without the use of tailings ponds
and emits no free water or process fluids as it recycles its water and bio-solvent. Changes or
enhancements made to the Project since that time were not judged to have any negative material
impact on the original approval.
Further, the Court found that appellants challenging a permit decision must do so on a timely basis,
thereby providing finality with respect to regulatory decisions and allowing permit holders to
expeditiously proceed with their projects.
Cameron Todd, CEO of US Oil Sands commented, “We are pleased that the Court clearly supports the
validity of permits granted to the Company’s PR Spring Project. US Oil Sands has continually
demonstrated its commitment to environmentally responsible energy development and expects to
showcase its breakthrough extraction technology when the Project begins producing next year.”
BIG THINGS HAPPENING IN NJ
Come on sell your shares, I'll buy em
NEXT COMES THE 1 FOR 100 R/S