Assets

  • Over $180 million invested in technology and resource development
  • 30+ US patents and associated international patents
  • State leases in Utah with 715+MMBL under lease
  • World-class carbon ore retorting laboratory
  • Expert carbon ore retorting team
  • Licensor for international projects in Jordan and Australia

Community Benefits of Utah Projects:

    • Provide hundreds of stable, well-paying jobs in Uintah County
    • Provide a steady base of low-cost oil production in what has been very volatile production in the Uinta Basin
    • Provide extended project life for the oil industry in the Uinta Basin by providing a concentrated stream of CO2 for enhanced oil recovery (EOR)
    • Create a long-term center of supply of strategic materials (rare earth elements) necessary for all new green technologies
    • Begins to unlock the billions of barrels of untapped natural resources in the Green River Basin for future generations. Based on our plan to develop multiple projects on existing state leases on the Seep Ridge and Holliday blocks, culminating to production of 75,000 barrels per day, the projects together would be expected to provide extensive financial support for Utah public education through the School Institutional Trust Lands Administration (SITLA).
    • Improve the wild game carrying capacity on reclaimed land and promote additional habitat for critical species of plants and animals