New Oil Sands Production Technology may Increase Oil Production and Greatly Reduce Costs Per Barrel
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HOUSTON, November 17, 2009 -- Winning Strategies (www.winningstrategies.net) Senior Editor Tim Connolly reported today that a recent report from Advanced Clean Technologies (Ticker: ACTH) may actually alter the overall economics of tar sands oil production, in particular throughout Canada and Utah. “For many years the principals of Winning Strategies have invested in Canadian oil sand trusts such as Suncor, Harvest Energy Trust, which was recently sold to Korea National Oil Corporation, Pengrowth Energy Trust and San Juan Basin Royalty Trust, among others. It is our experience that one of the largest obstacles to industry economics is the high cost of tar sands production and the low percentage rates of extraction. IF ACTH can actually produce 99% oil extraction rates as reported last week, while lowering the energy consumption needed for production and minimizing environmental damage, this is a game changer for the industry. “
Russell Kidder, President of Advanced Clean Technologies, Inc., stated last week, "Our tests, which utilized our patented, non-hazardous chemical reagents in an ambient temperature environment, were remarkable in that they showed our ability to successfully extract and separate over 99% of the oil residue present in both the Alberta and Utah oil sands samples. We believe that our unique technology provides an extraction rate that is significantly higher than the traditional methods, while at the same time being much more energy efficient and environmentally friendly."
About Winning Strategies
Tim Connolly's Winning Strategies (www.winningstrategies.net), formerly Corporate Strategies, is a network of financial news resources that provides you with the Low-Risk, High-Reward Strategies for Success necessary to succeed in today's fast-changing, competitive investment and business environment. Tim has interviewed many national experts and thought leaders including former SEC Chairman Arthur Levitt, CNBC's Mad Money's Jim Cramer, Fast Money's Guy Adamo, billion dollar money managers Ken Fisher and Mario Gabelli, U.S. Senator and former Presidential candidate John McCain, Enterprise Products Chairman and CEO Dan Duncan, FOX-TV commentator Tobin Smith and First Lady of Wall Street Muriel "Mickey" Siebert, the first woman to be granted a seat on the New York Stock Exchange, among many others. Tim Connolly currently holds a long position in ACTH and may choose to add to or sell this position at any time.
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Tim Connolly
Chief Executive Officer
Winning Strategies, Inc.
109 North Post Oak Lane
Suite 422
Houston, Texas 77024
713-621-2737 (O)
713-586-6678 (F)
» Similar Posts
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- Advanced Clean Technologies, Inc Subsidiary Completes Successful Oil Extraction Test of Utah Tar Sands
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