Marky and Charlie back for another go round when GNZ has yet to be given a proper burial!! What ever happened to all those that posted on this and other forums who questioned the antics of those two and the underhanded dealings with their PRIVCOS and a partner play of PNN?? Appears to be yet another shell. Why have the exchanges not taken the time to fully investigate these nefarious acts that have been ongoing for YEARS? "Xtra Energy's Pasquia Hills oil shale property consists of a total of 86,533 acres of oil shale exploration and development rights located in the Pasquia Hills region of northeastern Saskatchewan, Canada.
The successful results from the previous core hole drilling programs and associated laboratory analysis of the oil shale cores as well as the other described engineering data resulted in August 2009 of a publicly released NI 51-101 compliant Contingent Resources Report by Chapman Petroleum Engineering Ltd. which estimated contingent and/or prospective oil shale resources of gross 1.88 billion barrels (net 1.034 billion barrels) of recoverable oil distillate.
Current studies demonstrate the estimated operating cost to be $25 to $35 per barrel, making the Xtra Energy one of the most efficient oil shale properties in North America.
"In simple terms, we have a large deposit with superior features, making it one of the great oil shale properties in the world," said Linda MacDonald, President of Xtra Energy Corp. "The results from the 13 samples make this property ideal for near-term production," further added Ms. MacDonald.
Xtra’s main objective for its oil shale program for the remainder of the 2102 will be to engage in an aggressive exploration and development drilling program, to further delineate and define the oil shale deposit in order to identify an optimum initial oil shale mine site for the establishment of a pilot processing and Shale-to-Liquids production plant targeted to be completed and oil shale processing to begin in 2015."