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Post by Franko10 ™ on Oct 18, 2005 9:30:23 GMT -5
Oil Sands Breakthrough?
Partial Article
The new process developed by Cassandra Energy, Inc. requires the mining of the tar sand and the use of a miscible solvent that will extract in excess of 99% of the hydrocarbon. The Cassandra process does not require the use of water, the process is non-toxic to animal life and the resultant soil is clean of hydrocarbon residuals. Furthermore, there are no traces of the extraction solvents in the soil after treatment. Cassandra Energy is designing extraction equipment, which at peak performance is capable of handling 150 cubic yards of tar sand per hour at 0.85 bbls of oil per cubic yard, with an extraction rate of up to 3000 barrels of oil per day. This extraction equipment can be nested in groups of three, thus producing 9000 bbls of oil per day. Cassandra is utilizing the technology on its leases with a total proven reserve of 800 million bbls as documented by the United States Geological Service (USGS) core samples. Cassandra's unique and proprietary process has increased extraction efficiencies when compared with conventional extraction technologies and techniques. Cassandra's process can profitably produce oil at less than $11 per barrel.
Partial Article
The new process developed by Cassandra Energy, Inc. requires the mining of the tar sand and the use of a miscible solvent that will extract in excess of 99% of the hydrocarbon. The Cassandra process does not require the use of water, the process is non-toxic to animal life and the resultant soil is clean of hydrocarbon residuals. Furthermore, there are no traces of the extraction solvents in the soil after treatment. Cassandra Energy is designing extraction equipment, which at peak performance is capable of handling 150 cubic yards of tar sand per hour at 0.85 bbls of oil per cubic yard, with an extraction rate of up to 3000 barrels of oil per day. This extraction equipment can be nested in groups of three, thus producing 9000 bbls of oil per day. Cassandra is utilizing the technology on its leases with a total proven reserve of 800 million bbls as documented by the United States Geological Service (USGS) core samples. Cassandra's unique and proprietary process has increased extraction efficiencies when compared with conventional extraction technologies and techniques. Cassandra's process can profitably produce oil at less than $11 per barrel.
