Overview

The Athabasca Oil Sands include significant resources that are too deep for surface mining and too shallow for steam assisted gravity drainage (SAGD). E-T Energy’s operations will consist solely of the in-situ electrical heating and production of bitumen from the McMurray formation. Open pit mining is not permitted on our leases and is not part of our business plan.

Relative to mining or SAGD, E-T Energy expects that it will produce these “stranded” reserves using ET-DSP™ with the following critical benefits:

• limited environmental impact (small footprint and minimal surface disruption)
• rapid remediation of produced acreage (estimated at approximately 2 years)
• significantly reduced water use (only require voidage replacement)
• significantly less human resources required to install and operate process
• process is highly scalable
• no use of natural gas is required
• there are no emissions, thereby anticipated to create carbon credits
• minimal upfront capital is required
• recovery rates should be 75% or greater
• there is excess electrical power available to produce the bitumen