About E-T Energy Operations Technology Shareholders In The News Investors  
 

E-T Energy Ltd. interviewed on the TheEnergyNews.com. Please see the presentation.

Electro-thermal pilot in the Athabasca oil sands: Theory versus performance. Click here to view the full article

Are you a shareholder? Please visit the Investors section on our website to obtain copies of shareholder updates, financial statements and other information. You will need a login, so please email inquiries@e-tenergy.com to obtain this.

E-T Energy is engaged in the business of developing, operating, producing and selling recoverable bitumen found in the Athabasca oil sands deposits using the ET-DSP™ in situ method of production.

The ET-DSP™ method process involves passing electrical current from surface power distribution equipment.

  

 

Development Challenges

Oil Sands Development Challenges Addressed by ET-DSP™
Dramatically lower crude and heavy oil prices
  • Capital and operating costs are so low that projects are highly economic with much lower oil prices
Major reduction in capital for the oil sands
  • Very low upfront capital required and much shorter time to initial production
  • Rapid, strong cash flow from initial 10,000 bbl/d project can largely support future expansions
Rapid cost inflation and lack of skilled labour

Capital and operating costs for new mining and SAGD projects are up 3.0-5.0x in the past 8 years.
  • Much simpler process with limited surface facilities and low construction and operating labour requirements
Increased regulatory & environmental challenges

New legislation regulating CO2 emissions, water usage and tailings ponds; increased environmental activism.
  • Essentially no onsite greenhouse gas or other emissions, no fresh water requirements, lower overall water usage, limited surface disturbance, reclamation begins within 3 years of initial project development and minimal noise pollution
New development has ground to a virtual halt
  • Economic at much lower oil prices and can proceed with development where others cannot
Shortage of very expensive diluents
  • Bitumen produced by E-T to date has demonstrated quality improvements which may result in lower blend requirements (further testing is required to confirm)

 

 

 

 

 

 

 
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