Under the banner of OSX we are developing projects for the cost effective and environmentally friendly extraction of bitumen, which is at 1/4 the CAPEX and 3/4 the OPEX of the competition, through a proprietary extraction process that utilizes a patented EPA approved chemical.
The focus is the US oil sand deposits in Utah & Kentucky where the proven reserves are 30 billion barrels. Development of these projects benefits from four (4) enablers:
1. Support for the Keystone pipeline & local refineries, which shall reduce transportation costs
2. US land ownership rights, allowing unhindered development
3. The technology does not require heat and recovers 95% of the water used
4. The plants are modular and easily to relocate, the present model works on leasing land instead of full purchase.