Asphalt Ridge = Huge potential Temple Mountain En
Post# of 1680
Posted On: 01/07/2013 8:55:15 AM
Asphalt Ridge = Huge potential
Temple Mountain Energy has been producing several oil sands products on the site since 2006, with an average of 6% to 15% or more oil by weight, with the balance being sand. Temple Mountain estimates its proven reserves at Asphalt Ridge to be 150 million barrels of oil (prospective reserves) of which approximately 80 million barrels are surface-recoverable. The remaining 70 million barrels could be recovered through in-situ extraction methods. Its operation carries a near-zero carbon footprint.
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