Dr. R.G. Bailey, CEO of MCW Energy Group said that

Dr. R.G. Bailey, CEO of MCW Energy Group said that  the signing of the Supply Agreement with Temple Mountain is a benchmark in their  production program, as it provides them with a jump start in oil sands material processing while MCW prepares its own oil sands lease for production. MCW's management team feel that this timely arrangement will not only save valuable site preparation time, but will also provide an earlier-than-expected revenue flow for the Company. The costs of $ 19.50 per ton (crushed and delivered from Temple Mountain's nearby lease) will fit well within MCW's overall projected cost of approximately $ 38.50 USD per barrel.