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.
Surface Retorting
EnShale's process builds on the mining experience of its parent company, Bullion Monarch Mining. Oil shale will be extracted using low-cost, proven mining methods and heated in surface retorts to extract oil vapors that are then cooled into a high quality crude oil.
Process Development
EnShale has filed for a U.S. Patent for its proprietary technology.
EnShale has engaged Emery Energy Company and the Idaho National laboratory of the Department of Energy to further develop its technology.