When a former Exxon Mobil (XOM) president leaves to start his own company, it gets our attention…
The question remains – does it get yours?
Ask yourself why would a President of Exxon quit to start his own company?
Six years ago, Dr. R. Gerald Bailey dreamed of a pollution-free system to extract oil from oil sands.
He has now made it a reality.
The World’s First POLLUTION-FREE Oil Sands Project
MCW Energy Group (OTC QX: MCWEF)
MCWEF is a holding company focused on value creation of proprietary technologies for the environmentally-safe extraction of oil from oil sands and oil shale deposits, with an initial focus on Utah and its first oil sands lease in Asphalt Ridge.
MCWEF has a breakthrough, environmentally-friendly, proprietary oil sands extraction technology which is suitable for all hydrocarbon deposits. The closed-loop technology may also be applied for remedial project such as tailings ponds.
MCWEF’s goal is the formulation of worldwide joint ventures and the licensing of oil sands opportunities with worldwide with private and government entities within countries possessing extensive oil sands/oil shale deposits.
MCWEF is now scaling up its capacity with several additional, higher capacity extraction units within the state of Utah, which has over 30 billion barrels of undeveloped but recoverable oil. (DOE Estimate.) Asphalt Ridge, the location of MCW’s first plant, is one of Utah’s 8 major oil sands deposits with over 50 million barrels of undeveloped oil sands deposits. (DOE Estimate.)
MCWEF successfully launched America’s first environmentally-friendly oil sands extraction plant in Utah in 2014. They have developed an aggressive, three phase developmental plan to market their unique extraction technologies, which is now being implemented.
MCWEF management team is led by Dr. R. Gerald Bailey who has over 50 years of experience in the petroleum industry. He is retired from Exxon Mobil where he served as President of Arabian Gulf and held several high profile positions within the company. Invest in the Best!
MCWEF’s extraction technology utilizes no water in the extraction process, produces no greenhouse gases and requires no high temperatures/pressures.
AMERICA’S FIRST ENVIRONMENTALLY-FRIENDLY OIL SANDS EXTRACTION PLANT SUCCESSFULLY OPENS.
On October 1st, 2014, MCW unveiled its benchmark oil sands extraction plant in Vernal, Utah. It’s an extraction plant unlike any other in America, or perhaps the world. It’s a closed-loop technology and therefore it is environmentally-friendly. It’s versatile. It can extract up to 99.9% of hydrocarbons from all kinds of oil sands deposits. And, it’s a positive change from all the other oil sands extraction technologies from prior decades that focused on extraction efficiencies and not the resulting state of the environment.
Not only does Utah have over 30 billion barrels of recoverable oil in its oil sands deposits, it has over 77 billion barrels of oil as the state’s share of the Green River Formation’s oil shale deposits. At this point, neither has been developed. And just as new technology has unleashed the Bakken’s potential, creating a billion dollar surplus in North Dakota’s budgets, it is felt that it’s time for new technology in Utah to develop its vast oil sands resources.
Utah produced over 30,000,000 barrels of oil (Source: Utah Department of Resources), primarily all conventional production revenues derived from 11,200 producing wells. MCW is basically ‘first out of the gate’ in the initiation of a new category for Utah – non-conventional oil. The Company’s lease is situated on the edge of the Uinta Basin, the location of the Asphalt Ridge deposit (one of 8 major Utah deposits). The nearby city of Vernal buzzes with oil and gas development and has the necessary infrastructures to facilitate MCW’s expansion plans (Phase #3: 2015 – 2016).
“It is really simple. In the same way that soap washes grease from plates, with the grease adhering to the soap and pulling it off, so new technology in the form of an innovative solvent can pull the oil out of oil sands. Oil sands are typically black and dirty looking. However, once washed with the solvent, the sand comes out 99.9 percent clean before it is returned to the Earth. If we throw it back on the Earth, it is no longer contaminated with oil and you can grow plants on it.” ~ Dr. R Gerald Bailey
Check out the Ribbon Cutting video here
DID YOU CATCH THE RECENT PRESS?
This company is committed to shareholder growth and profits!
HIGHER WORLD OIL PRICES ALLOW MCW ENERGY GROUP TO ENHANCE PROFIT LEVELS AS IT MOVES INTO ITS PLANT RELOCATION PLAN AND A COMMERCIAL PRODUCTION MODE
MCW Energy Group Limited (“MCW”) (TSX VENTURE:MCW), (OTCQX:MCWEF), a Canadian holding company involved in the development of environmentally-friendly oil sands technologies, the production of oil from Utah’s vast oil sands deposits, and remediation projects involving extraction of contaminating hydrocarbons, today announced key elements of a working program for Q4-2016 to Q1-2017 between its two lease properties at Asphalt Ridge, Utah.
Encouraged by the upward trend of world oil prices now hovering at the $ 50.00 bbl. price benchmark, MCW has developed a plan focusing on the reduction of production costs and at the same time completing its previously announced increase of production levels from 250 bbl/day to 500 bbl/day capacity. During 2015, MCW produced 10,000 bbl. and sold close to 6,000 bbl. to the Utah market. The average cost per barrel at the MCW plant site in Maeser, Utah is $ 31.00 – $ 33.00 USD (Validated by Nexant, Inc., 2016). MCW’s production plan include:
MCW will move its extraction plant to the Temple Mountain site. Since the Temple Mountain site is privately owned, having the plant there will cause a reduction in the environmental and regulatory costs. Currently at a 250 bbl/day production level, the relocation of this plant will also save $ 7.60 per barrel on freight/transportation costs. (Validated by Nexant, Inc., 2016). Built in a modular format, the plant can be easily disassembled, then re-assembled within 90 days.
After re-assembling at the Temple Mountain site and the augmentation to 500 bbl/day unit, the MCW commercial plant is expected to commence production during the Spring of 2017. Between MCW’s two leases there is a mineable total resource of approximately 87 million bbl of oil. (Validated by Chapman Petroleum Engineering, “Evaluation of Prospective Resources, 2015 N/W Asphalt Ridge Area, Utah, 2012)
Watch a recent interview with the founder!
Learn the MCWEF story:
This newsletter recently initiated coverage on MCWEF with some aggressive due diligence.
There is a wealth of information in their recent press. This is one which is worth the read.
Dr. Bailey knows that MCWEF’s modular technology has massive licensing potential in Utah, not to mention abroad. Even if Dr. Bailey remained in Utah, he is surrounded by the richest oil sands deposits in the world. According to the U.S. Department of Energy, Utah has over 30 BILLION barrels of bitumen across eight major deposits. Utah contains over 55% of all U.S. oil sands deposits with excellent infrastructure, excellent safety, attractive fiscal and royalty regimes, advantageous tax treatments, and world-class pipelines, utilities, workers and transportation access. LICENSING REVENUE FROM THIS TECHNOLOGY WITHIN UTAH ALONE COULD REWARD SHAREHOLDERS WITH PRICE APPRECIATION.
Dr. Bailey has already secured a 1,128 acre lease with 20 million barrels of bitumen, which is plenty to continue proving that his technology is real. He didn’t just secure the lease, he started production at several hundreds of barrels of oil per day. He has proven that the technology works, helped raise a bunch of capital for MCWEF in late 2015, and is ready to start licensing the technology TO REWARD SHAREHOLDERS
Dr. Bailey also plans to continue processing his own oil sands (hey, why not, it’s so profitable!). He has already secured a second lease purchase agreement on 2,230 acres in Temple Mountain with 88 million barrels of bitumen. Easy. He is also expanding operations from 500 to 5,000 barrels daily. SHAREHOLDERS WILL BE BENEFIT FROM THIS 10X GROWTH.
But the biggest revenue potential is in licensing MCWEF’s technology to the other Big Oil companies — and Dr. Bailey knows those executives personally! The focus is on Dr. Bailey, but of course he has assembled a rockstar team of other executives and board members who also have invaluable contacts within the oil mining industry. Don’t be surprised when MCWEF announces some big revenue contracts within days. Just one contract announcement could send the stock 1,000% higher. SHAREHOLDERS WILL BENEFIT AS EACH CONTRACT IS ANNOUNCED.
Could MCWEF be our next monster gainer?
We’ll let you continue your due diligence and we’ll get back to you with updates in the near future.
DISCLAIMER PLEASE NOTE: This MCWEF stock report, blog, and any reposts on the TRADDR network are part of a commercial advertisement and is for general information purposes only. All content is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a solicitation of the purchase or sale of any securities. Readers should always consult with a licensed securities professional before making any type of investment decision. Please be aware that TRADDR expects to be compensated Two Thousand Dollars from a 3rd party (Snapshot, LTD.) to assist in the creation and dissemination of MCWEF media and social network advertisements and/or corporate updates through the TRADDR Social Media Network.
Not only is the technology good news for the environment it s also stellar news for the industry because it s a cheaper way of extracting oil from sand and silt.