Besra Gold Inc (BESAF)

[muleofkintire]

Beneath the frozen tundra of Alberta lies the Canadian oil sands the biggest known reserve of oil in the world. An estimated 1.7 to 2.5 trillion barrels of oil are trapped in a complex mixture of sand, water and clay. To put this in perspective, Saudi Arabia has “only” 261.9 billion barrels of proven reserves.
Since the Oil is frozen in the ground, extracting it is harder and more expensive than conventional methods. Production costs currently run at just over $15 per barrel. Operations are profitable if oil prices remain above $30 a barrel which seems likely in the current geopolitical climate.
The “oil sands” are heavy hydrocarbon deposits that mix bitumen, sand, water, and clay. Bitumen is a heavy, carbon-rich, hydrogen-poor hydrocarbon. The bitumen is upgraded to a cleaner, more fluid product called Syncrude Sweet Blend (SSB) by removing carbon and adding hydrogen. It is then transferred by pipeline to refineries throughout Canada and the United States.

Bitumen is upgraded into a high quality, light sweet crude oil



http://stockinvestingknowledge.com/single-page/canadian-oil-sands-stocks