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Gold/Mining/Energy : Oil Sands and Related Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (2099)	8/28/2005 3:28:42 PM
From: MIRU	Read Replies (1) \| Respond to of 25575

Re heavy oil vs tarsands/oilsands. My first impression was that heavy oil was better or easier to produce than oilsands. I also get the impression that bitumin (unupgraded stuff that comes from oilsands) is priced off of heavy oil. However, recoverable oil in a heavy oil field is only 5 to 15% of oil in place, while bitumin recovery is 80% with mining or 60% with SAGD. I guess my question is whether heavy oil could be practically produced using SAGD. They have used a version of this process in the Kern River US heavy oil, so why not in AB? But what does BVI do?

To: Tommaso who wrote (2099)	8/28/2005 5:47:42 PM
From: Taikun	Read Replies (1) \| Respond to of 25575

In addition to BVI, other heavy oil plays at Seal AB are: PWT.UN BTE.UN and there are a couple of others I will look for. DWOG.PK (A Horse With No Name enough to point this one out earlier, they mention oil sands in their NR but looks like a heavy oil play) Message 21597377 -they have some oil sands leases in AB -looks like a heavy oil play Deep Well Oil & Gas, Inc. is a Nevada corporation based in Alberta Canada. Deep Well and Northern . have an 80% working interest in 63 contiguous sections of oil sands leases in the Sawn Lake oil sands in North Central Alberta, Canada. Deep Well and Northern have a Farmout Agreement with Surge Global Energy, Inc, whereby Surge has the potential to earn up to 50% of Deep Wells' and Northern' s 80% working interest in the 63 contiguous sections biz.yahoo.com Deep Well Oil & Gas, Inc.(OTC (pink sheets): dwog.pk). Deep Well Oil & Gas, Inc. management believes that the Sawn Lake Heavy Oil Project is at the same pre-growth stage experienced by other heavy oil companies prior to a major period of growth. Drilling and oil sands lease activity in the Seal Lake Field during the years 2000 to 2002 could be considered analogous to Deep Well's Sawn Lake. During 2004, Deep Well's management secured an 80% working interest in 63 sections (40,320 acres) of oil sands leases in the Sawn Lake, Alberta area. The Company's initial development step is scheduled to commence during the fourth quarter of 2004. The early focus of the Company's drilling program is to define the heavy oil reservoir one section at a time and attempt to initiate production from each drilled location as soon as practical in order to generate an early positive cash flow. For more information, please visit their website at deepwelloil.com. 1source4stocks.com