First page Back Continue Last page Overview Image
Key Takeaways
1. Patented oil recovery technology; 10,000 bbl oil produced to date
- Innovative technology underpins low facility capex, estimated at $19K-$22K per daily bbl for 5,000 bpd modular production train
- Low production costs, estimated to average no more than $25-$30/bbl dependent upon scale of production
- Netback margins between $23-$28/bbl at $70 WTI
- Environmentally benign, using no water in the closed-loop extraction process; no tailings pond
- Expected resource life >20 years with no decline in daily production
- Estimated EBITDA of $37.95 mm at 5,000 bpd; $82.5 mm at 10,000 bpd
- Partnership with Valkor Engineering to mitigate Engineering, Procurement & Construction risk
- Potential to license technology for a combination of upfront fee & ongoing royalty compensation