June 01, 2009
Oilsand videos on Petrobank THAI and ET Energy Electrothermal process
Business news network has an eight minute video on Petrobank THAI oil process.
Inject steam first to heat up the bitumen.
Then inject oxygen to ignite the bitumen like a charcoal briquet.
Proven oil technology must have 6-12 months of uninterrupted operation.
Ramping up its 100,000 barrel per day operation.
Almost 6 minutes of video on ET Energy's electrothermal oilsand process.
ET Energy raising money for a 10,000 barrel per day pilot. Second quarter 2010.
Open ended upside in terms of size of the commercial scale projects.
$12000/barrel of oil per day
$10-12/operating cost per barrel
10% IRR for WTI $26/barrel