About Us Index:
- The Oil Shale opportunity
- Why EnShale Will Succeed
- Enshale is Taking Action
- Key Company Priorities
- Innovation Milestones
- Management
The Oil Shale opportunity
Oil shale deposits located in the Western United States have the potential, through rapidly progressing extraction technologies, to revolutionize energy economics. Real solutions are maturing that can solve the world’s petroleum supply problems. EnShale, with its rich oil shale property acquisitions and proprietary production process, is leading the way in alternative energy development. The ideal timing of this politically necessary and financially attractive opportunity has the support of both the public and private sectors.
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Why EnShale Will Succeed
Keys to Enshale’s success are technology, resource, capital and management. By
perfecting an innovative process that unlocks the estimated 2.1 trillion of barrels
of domestic oil from massive accessible oil shale deposits, EnShale is situated
to become the catalyst that transforms the world oil market. This oil resource is
primarily located in the western states of Utah, Colorado and Wyoming and nearly
twice the known worldwide liquid petroleum reserve of 1.3 trillion barrels. EnShale
has 4,650 acres of State of Utah School Trust Land leases that have been estimated
by an independent certified geologist,using U.S. Geologic Survey Studies, to
contain a 667 million barrel oil resource. EnShale has already secured financing for
design, construction and operation of a demonstration processing facility through
its publicly traded parent company Bullion Monarch Mining (ticker OTC:BULM).
EnShale has formed a management team with extensive experience in mining, fuel
technology, and business finance.
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Enshale is Taking Action
EnShale was formed in 2005 to address an emerging alternative energy opportunity.
It has completed the phase one demonstration module of a production facility. For
decades oil shale has been successfully mined and processed in Estonia and
Brazil. Improvements to oil shale processing technologies
are ongoing in Australia and Colorado. EnShale has extensively
studied these operations and employed various
research, design and engineering companies as well as the
U.S. Department of Energy at the Idaho National Laboratory
in the development of its proprietary technology. With its
innovative patent pending process and hard rock mining expertise,
EnShale plans to drastically improve production efficiency
while virtually eliminating environmental concerns.
This initial plant is believed to have the ability to convert
150 tons of raw shale ore into as much as 120 barrels of
oil per day. The first barrel will be produced from this new
processing plant on EnShale’s own land near Vernal, Utah
in the summer of 2009. Product value and process verification
are anticipated to be completed by the end of 2009
at which time EnShale will pursue commercial processing
opportunities and global sales of its technology. EnShale
with its solution to exploit an unconventional and virtually
untapped domestic energy source is uniquely positioned to become a world leader
in alternative energy.
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Key Company Priorities
- Secure an adequate supply of shale ore through land acquisition
- Test and perfect production processes
- Minimize environmental impact of mining and production operations
- Protect proprietary technology with patents
- Establish a leadership role in the industry through commercial success
- Drive growth through financial and operating partners
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Innovation Milestones
- Projected production cost of less than $30 US per barrel
- Secure a long-term supply of oil shale through strategic land acquisitions
- Build process on proven technologies re-engineered from a mine, crush and process perspective
- Overcome environmental concerns by minimizing water use, enclosing processing plant for maximum efficiency, diminish surface disturbances, and identify commercial markets for byproducts using a Department of Energy computer modeling platform supplied by the Idaho National Laboratory, EnShale has verified the viability of the above goals and its patent pending technology. By the end of 2009 EnShale plans to have verified the expected results of this process through testing results derived from actual product produced from its plant.
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Management
Don Morris, Chairman
R. Don Morris, Chairman, has more than 40 years experience in all phases of natural resource development with broad emphasis in mining and extraction processes. He currently is president and CEO of Bullion Monarch Mining, Inc.
James A. Morris
In addition to his work as CEO of EnShale, Inc. James A. Morris has been on the Board of Directors of Bullion Monarch Mining since 1992. He graduated from Brigham Young University with a bachelors degree in Business Finance. Mr. Morris has lead several successful business ventures including being the past President and CEO of Zephyr Gold Enterprises.
Larry Anderson
Larry Anderson has a PhD in Fuels Engineering from the University of Utah in 1963 and as a faculty member of this department has published over 100 research reports related to unconventional fuel products. Dr. Anderson has spent over 40 years consulting, studying, and lecturing private and public entities concerning fuel science and conversion.
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