Just to Review
posted on
Oct 24, 2008 08:44AM
Engineering, procurement, construction & management of crude oil refineries.
Last we heard and/or read… these are the projects in the pipeline. Let’s see which project(s) will come to fruition.
Between Libya , Tunisia , Rwanda, Alberta, Atlin, and Ringo Properties …. My money is on??? I'm sure we will be getting updates very soon...
PROPERTY AND BUSINESS DEVELOPMENT SUMMARY
ALBERTA
On December 22, 2006 the Company retained the services of TDI Technology Inc. (“TDI”) to conduct a technical feasibility study to direct the Company in undertaking the development of a fuel ethanol capital project in the High Level (or Peace River) area of Alberta . On March 12, 2007 the Company announced that it had received TDI’s feasibility report for a proposed new integrated ethanol feedlot facility to be located near High Level in Alberta . The Company hopes to use the feasibility report as a basis to raise funding for the construction and operation of such a facility. No contracts or agreements have been negotiated or entered into toward the development of any such project, and there is no assurance any will be negotiated or entered into on terms acceptable to the Company, or at all.
ATLIN PROPERTY
On January 16, 2004, the Company paid $15,000 to Jason Heywood for a 25% interest in the direct ownership of gold mineral claims located in the Atlin Mining District of British Columbia. The Company has an interest in four post claims of 20 units (each units 500m X 500m) and two post claims (each is 500m X 500m). The Company has not received any cash call toward any work program on the Atlin Property. The property is presently on care and maintenance, with the majority owners investigating sale or joint venture opportunities.
RINGO PROPERTY
The Company maintains an option to acquire a 60% interest in the Ringo Property. The Company anticipates a winter 2008 drilling program consisting of up to 2000 metres, subject to weather conditions and drilling rig availability.
The Ringo drill program will test the down dip extension of a laterally extensive and exposed mineralized horizon located parallel to, and just west of the Ringo Property boundary. The mineralized horizon dips east onto the Ringo Property. There is no guarantee that the drilling program will result in a commercially viable resource as better defined by NI 43-101.
LIBYA
The Company is currently conducting due diligence on various oil and natural gas projects in Libya . On July 25, 2006, the Company became fully licensed and registered with the Libyan National Oil Corporation (NOC), and can, operating under Libyan law; engineer, procure, construct and manage Oil Refineries and Petrochemical Factories.
The Company is now seeking participation in the engineering, procurement, construction and management (EPCM) of energy related capital projects; such as Oil Refineries, Liquid Natural Gas (LNG) facilities and Co-Generation Facilities. No definitive contracts or agreements have been negotiated or entered into toward the development of any such project, and there is no assurance any will be negotiated or entered into on terms acceptable to the Company, or at all.
On February 8, 2007, the Company announced that it was awarded a US$250,000 contract to service the NOC oil refinery in Tobruk, Libya. This verbal award has since been rescinded as the Libyan authorities have revised their contracting process from tender to joint venture or to private investment applications. No definitive contracts or agreements have been negotiated or entered into toward the development of any such project, and there is no assurance any will be negotiated or entered into on terms acceptable to the Company, or at all.
TUNISIA
The Company is currently conducting due diligence on various oil and natural gas projects in Tunisia .
The Company has made application to engineer, procure, construct and manage a 300,000 barrel per day oil refinery in the Port of Zarzis , tax free zone, on a build, own, operate and transfer basis. No definitive contracts or agreements have been negotiated or entered into in this regard, and there is no assurance any will be negotiated or entered into on terms acceptable to the Company, or at all.
RWANDA
The Company has engaged TDI to investigate the potential of the Company engineering, procuring, constructing and managing a new fuel ethanol facility using indigenous feed stocks. The Company intends to identify the most appropriate feedstock and the optimal technology necessary to transforming the biomass into fuel ethanol. The Company is currently seeking 100% debt financing to build a 45 million litre per year facility. No definitive contracts or agreements have been negotiated or entered into in this regard, and there is no assurance any will be negotiated or entered into on terms acceptable to the Company, or at all