In This issue
• Oil Sands
• East Coast News
• West Coast News
• Canadian Arctic News
• Alternative Energy
• On the Horizon
Excerpt From: Oil Sands
Sunridge Energy has entered into a binding letter agreement with Current Environmental Solutions LLC (“CES”) for a five year exclusive license of proprietary CES technology. The technology, called six-phase oil heating, was initially developed by CES for remedial hydrocarbon cleanup, and was commercialized in 1997. The process involves heating electrodes underground, generating steam by adding current to the electrodes and bringing hydrocarbons up through collection wells. The technology is reported to have achieved recovery rates exceeding 70 percent at more than 50 different locations worldwide. Sunridge plans to commence two pilot projects this fall, noting that the licensed technology is ideal for plays that are too deep for surface mining and too shallow for steam-assisted gravity drainage (“SAGD”).
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