Corporate Profile
Strategic Objectives:
- Develop Poplar Creek Project using ET-DSP™
- Demonstrate that ET-DSP™ is the optimal extraction process for bitumen and heavy oil deposits which are stranded -- too deep to mine and too shallow for steam assisted gravity drainage
- Use ET-DSP™ to lever into other project developments / growth initiatives
Principal Assets:
- Exclusive rights to use ET-DSP™ for production of heavy oil and bitumen
- 100% interest in Poplar Creek Project
- Best Estimate Economic Contingent Resources of 284 million barrels
- 10,000 bbl/d PHASE 1 to start up in 2014
- PHASE 2 with production up to 50,000 bbl/d to follow
Commercial Development:
- PHASE 1 application for 10,000 bbl/d submitted in Q2 2009 with approval expected in 2012
- Capital financing of PHASE 1 in 2012
- Commence facilities construction in 2013
- Commence heating and production in 2014
Corporate History
E-T Energy was incorporated under the Canada Business Corporations Act on August 4, 2004.
E-T Energy was initially formed pursuant to an agreement between McMillan-McGee Corp. and WillMac Canada, L.P. dated July 26, 2004, as the vehicle to Field Test and commercialize the Electro-Thermal Dynamic Stripping Process, ("ET-DSP™") for the in situ production of bitumen from oil sands deposits. ET-DSP™ is a patented and commercial electro-thermal process that couples electrical heating with heat transfer by convection and conduction, using a drilled grid of electrode and extraction wells. The process has been used extensively for in situ environmental remediation of contaminated sites and has only recently been applied by E-T Energy to the heating and production of bitumen from oil sands.
E-T Energy obtained the necessary regulatory approvals to conduct the Field Test in March 2006 and has been carrying out the Field Test since that time. E-T Energy holds a 100% working interest in 16.5 sections covering 10,560 acres it acquired in 2004, 2005 and 2007. See Lease Locations under the Operations tab for more information.
