MCW a leader in the industry! MCW is confident t
Post# of 1680
MCW a leader in the industry!
MCW is confident that with the findings and conclusions of the comprehensive Chapman Engineering Report, "Evaluation of Oil Sands Extraction Process, - NW Asphalt Ridge, Utah," the Company is now moving forward with its development of an initial 250 barrel per day extraction unit in late 2011/early 2012, and an additional 500 barrel per day extraction unit in early 2013. Funds totalling $ 3,000,000 USD were raised in June, 2011 for this program and key components for the first extraction unit have been itemized and ordered for delivery in the fall of 2011 for unit fabrication and the subsequent development of the Company's oil sands lease in Asphalt Ridge, Utah.