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Goldnev Resources Inc. is a public energy company focused on conventional and unconventional oil and gas production, with active projects located in British Columbia, oil shale exploration program in Saskatchewan, and oil and gas production in Alberta.

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Message: Oil Shale

Technology - In situ Conversion Process

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Our quarter of a century investment researching Shell’s patented In situ Conversion Process has yielded exciting results.


Shell carried out a small field test known as the Mahogany Demonstration Project South on its private property in Rio Blanco County, Colorado, using an in-ground heating process to recover oil and gas from the shale formation.


Field results from past research, as evident in the chart above, have matched our predictions, giving our engineers confidence in the In situ Conversion Process.

On only a 30 x 40 foot testing area, Shell successfully recovered 1,700 barrels of high quality light oil plus associated gas from shallower, less-concentrated oil shale layers. Our research to date has demonstrated that our In situ Conversion Process (ICP) works technically on a small scale - what remains is to prove it can work commercially.

Shell will continue to set a high industry standard for public participation, environmental protection and community enhancement in an effort to ensure oil shale is done the right way. We aim to advance the technology systematically to the point at which an application could be made to convert the 160-acre RD&D tracts to commercial leases. A commercial decision would be early in the next decade and possibly later depending on the sequence and outcome of research activities.

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