About Us

About Us Index:

• Introduction
• Why is energy dependence a problem for the U.S.?
• United States energy independence can change the world
• The New Middle East
• Why EnShale?
• Why EnShale's approach is different from past attempts
• Rationale for EnShale Mission
• A whole new industry is waiting to be created!
• The EnShale Team

Introduction

EnShale, Inc. and many practical, pragmatic, patriotic U.S. citizens are convinced a comprehensive energy policy is needed NOW. During the last 50 years, the country faced a number of events classified as energy crises. In each case, substantial economic and social disruption occurred. In each case, a general outcry urged Congress to establish energy independence so we would not risk being held hostage to the interests of nations with their own agendas.

Did we go that route and avoid that dire situation?

Sadly... NO! Each energy crisis was followed by an increased use of foreign oil. We missed every opportunity to change our world. But... we can still achieve that goal if we act with common sense and dispatch.

The policy should not be focused on any single aspect but should address several different fronts at the same time:

• Reduce growth in energy consumption through conservation initiatives
• Aggressively pursue the clean production of U.S. oil shale and coal resources, building on the fact that this country has 82% of the world's shale oil and 27% of the world's coal reserves.
• Promote economic sources of energy; e.g. solar, wind, bio-fuels and hydrogen.
• Continue the prudent expansion of traditional hydrocarbon sources.

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Why is energy dependence a problem for the U.S.?

A great deal of the current political and economic stability in the world comes from the source of oil. Price stability is also significantly impacted by speculation about the various governments and their unfriendly agendas.

A no-brainer!

According to the DOE’s Energy Information Administration, current petroleum supplies are in countries or regions with an unfavorable relationship with the United States. The Middle East holds 56% of the 1.3 trillion barrels in the world. Other countries with unstable governments, antagonistic relationships with the United States, or sharply growing energy demands of their own control another 28%. 60% of the current U.S. consumption of oil is from foreign resources. It would be relatively easy to eliminate this import requirement with production from the 2.1 trillion barrel oil shale resource. At current consumption rates, this energy resource would last well over 400 years. The result would be a significant reduction in the risk of supply interruption and a favorable movement in the U.S. balance of trade accounts.

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United States energy independence can change the world

The development of oil shale and coal sources are logical choices for the United States. The U.S. has 82 per cent of the world's oil shale reserves. More than two trillion barrels are located in rich deposits in the Green River Formation in Wyoming, Colorado and Utah.

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The New Middle East

With over 2 trillion barrels of oil in oil shale reserves, the United States has 82% of the world's supply. Compare the United States supply of oil shale with the world's known reserve of petroleum at 1.3 trillion barrels and it's easy to see that the United States could not only become energy independent, but also become a net exporter, significantly tempering supply disruptions and price fluctuations. And wouldn't that change the world!

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Why EnShale?

• EnShale is working to find oil shale extraction methods that are profitable and environmentally friendly. EnShale is a subsidiary of Bullion Monarch Mining, Inc. a 50-year old precious mineral mining and exploration enterprise. This relationship makes EnShale unique among other oil shale firms.
• EnShale has assembled a team of experienced chemical engineers, mining experts and general business management leaders to plan and guide the company in this relatively new industry.
• EnShale has acquired mineral rights to oil shale on 4,650 acres of state-owned land in eastern Utah. Oil resource here is estimated to yield 180,000 barrels per acre.
• EnShale has been actively pursuing several different methods for extracting oil from shale while using "clean coal" technology to provide the heat necessary to the process. EnShale's current process design captures all of the greenhouse gases that contaminate the atmosphere.
• And with vertical integration inherent in EnShale's process, there is no need to build refineries. Our product can be motor ready.
• We know the market. We've engaged experts who have viewed the successes and failures of past efforts to capture and master the oil shale resources of the world. We will not go down old paths hoping for different outcomes.

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Why EnShale's approach is different from past attempts

The basic long term objective of EnShale, Inc. is to build a major energy company through the extraction of oil from shale resources located in the Western U.S. and other locations throughout the world where conditions allow. Because of the large oil resource present in oil shale, there is a significant upside opportunity for EnShale and its early investors.

"Clean Coal" - Coal gasification process

Coal gasification is the current leading candidate to be used as an external source of heat. Temperatures of approximately 1000 degrees Fahrenheit are required to transform kerogen trapped in the oil shale into oil vapors. Coal is used as a heat source because it is the least expensive form of energy at the present time. Syngas is produced from the coal with limited emissions, allowing heat to be created in an environmentally friendly manner.

Prior extraction efforts did not use an external source of heat. In those processes, the oil shale was ignited to provide a source of heat, resulting in significant negatives – lower yield and reduced quality of the final output.

Additionally, oil that is produced will be upgraded and distilled on site. EnShale's process will produce fuels that are ready for consumption, increasing the value of the output from a raw material to a final product.

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Rationale for EnShale Mission:

• Going forward with an efficient, successful extraction method for oil shale could provide the United States with enough oil to eliminate the need to import from foreign sources. In accomplishing this goal, a significant source of political and economic instability for the U.S. would be eliminated and a viable, financially attractive business opportunity in the energy industry will be created.
• EnShale is working to ensure that this existing, abundant hydrocarbon resource is exploitable with all the correct safeguards against adverse community and environmental impacts. It is really a chance to "change the world" by building energy independence for the United States.
• This effort can only succeed through a collaborative attitude between business enterprises and the various government and community stakeholders now that the need for alternative, dependable sources of energy has reached a critical mass.

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A whole new industry is waiting to be created!

A partnership of government and private industry will succeed where past efforts have not. Given the radical changes in international politics, the increasing worldwide demand for affordable energy in a market of escalating prices, and urging from environmentalist factions for compatible operational standards, the U.S. Government finally passed legislation that supports critical aspects of oil shale Research and Development.

• The Energy Policy Act of 2005 endorses clean coal initiatives and oil shale leasing.
• The Bureau of Land management is conducting complete environmental and economic assessment to assure negative impacts are minimized for the Utah and Colorado oil shale resources.

Now is the time! Let's not waste the motivation that comes from increasing energy prices and difficult political entanglements. Government, industry and environmental groups must find the common ground to allow this industry to form and fulfill its potential.

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The EnShale Team

R. 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.

Rex L. Franson, President and CEO

Rex L. Franson, President and CEO, served for 25-plus years in general management in several industries. He spent 17 years in the automotive industry with American Motors and Chrysler. In 1994, he was elected an officer of Chrysler Corporation, serving as vice president of Quality and Serviceability and president and C.O.O. of Chrysler Financial Corporation.

 

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