IVAN - Ivanhoe Energy Message Board

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Gold/Mining/Energy : IVAN - Ivanhoe Energy

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From: Solid	4/29/2006 12:37:36 PM
	of 271

New discussion of the potential for IVANhoe Energy is encouraged. This thread has been quiet for quite some time and the company has not. It has been in a phase of massive technological growth and improvement to prepare for a commercial launch of Heavy Oil [85% of earths known reserves] to Light oil [15% and getting more and more difficult to acquire.] This technology will be leased to companies the world over for recovery. -Cost per barrel will be between $2-$4 for the processing. -The coke produced will be burned and will not add to pollution sa it is in Canada's huge fixed site plants. -Mobile units are built to handle 5,000 - 15,000 barrels of conversion per day at a cost of about 80 million per processor and this cost will come down as economy of scale proceeds. -Units will literally be off the shelf and transportable over regular roads. These processors can be built used and then moved to another site. -They make possible conversion of thick heavy oil into a light form that can then be piped or tanker transported to other areas for further refinement. -These units run 24/7 with little manpower needed. -They meet the California Clean air Standards the toughest in the world for low pollution on all fronts. In Canada last summer their huge plant's coke furnace broke and required shut down to be fixed. You had time lost in processing 100,000brls/day, time lost for all the workers with starting at 100k/yr salaries not being able to be productive. With smaller mobil plants you can string several together for more volume requirement and if one is off line the others are set and working. The coke produced in the RTP process is not discarded and buried as it is in Canada's huge plants, about 15% of the barrel extracted is thus wasted. With the RTP design the coke is burned at extremly high temperature releasing more energy that can be used for the extraction process and to produce excess energy steam equivalent. The yield is about $6-$16/barrel of steam equivalent in energy cast off from the recovery process. Consider all the heavy fields around the world -out of the way and not feasible to work with a huge central plant- that this technology can make profitable again. They are already in negotiation with countries and global companies for leasing rights. IVAN will lease the rights and has incredible potential for growth.

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