28 dollars a Barrell no Greenhouse11 Jul 2018 17:42
Will this help OJO
Petroteq’s secret is its technology. The patented Liquid Extraction System is the first successful method ever tested that can extract the heavy oil sands of Utah in an environmentally safe and sustainable manner.
The method extracts 99 percent of all hydrocarbons, generating zero greenhouse gases and requiring no high temperatures or pressures.
The company’s deposit at Asphalt Ridge could be worth $6.2 billion at today’s prices, and cost of production is as low as $28 a barrel.
The company plans to ratchet up production to 30,000 bpd from reserves. But that’s not even the biggest opportunity here.