Operating Highlights Oil Sands Recovery Program
Post# of 1680
Posted On: 11/28/2012 10:30:22 AM
Operating Highlights Oil Sands Recovery Program
Plant fabrication/construction schedule
• 2012: 2 x 250 bbl/day and 2x 500 bbl/day pilot plant.
• 2013: 4 x 500 bbl/day plant and 2 x 1000 bbl/day
• Years 3-5: 8-10 x 1000 bbl/day plants each year.
Plants cost: $3 million/250 bpd, $5 million/500 bpd.
Plant location(s) proximate to oil sands lease.
Construction and start-up period: 6 months.
Average capacity utilization: 67%.
Operating costs - $30 - $ 40 / bbl including mining.
Assume oil price $75 / bbl for 16-20 API product. (upgraded)
Truck transport oil to nearby Salt Lake City independent refineries.
Wider profit margins from oil sands production will add to MCW’s
bottom line operations…enhancing shareholder returns.
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