Bullion Monarch Mining Announces Oil Production Will Begin in August 2009
TUESDAY , JULY 28, 2009 03:25 PM
VERNAL, Utah, Jul 28, 2009 (BUSINESS WIRE) -- Bullion Monarch Mining Inc. (OTCBB: BULM) announces that construction and installation is complete of the oil shale pre-commercial production demonstration facility by their 80% owned subsidiary EnShale Inc. The company is excited about the potential for its proprietary process to develop into a full-scale commercial crude oil producing operation. EnShale anticipates crude oil to be produced from the oil shale in August 2009. EnShale has patents filed with both U.S. and international agencies.
The company stockpiled 5,000 tons of oil shale that has been crushed and screened and readied for processing. EnShale's processing plant is designed to produce up to 150 barrels of oil per day at full production. EnShale will be conducting various tests with its demonstration plant to prove out its proprietary process and complete its design.
For a commercial operation EnShale's commercial processing plant design was completed in 2008 by Emery Energy Company of Salt Lake City, Utah and Department of Energy's Idaho National Laboratories. An Aspen model study of more than 600 pages was completed and used to calculate production of 17,454 barrels of liquid fuels per day from 21,600 tons of oil shale.