E-T Energy is engaged in the business of developing, operating, producing and selling recoverable bitumen found in the Athabasca oil sands deposits using the ET-DSP™ in situ method of production.
The ET-DSP™ method process involves passing electrical current from surface power distribution equipment.
ET-DSP™ Introduction
Introducing ET-DSP™ (3 minutes and 56 seconds)
E-T Energy Highlights
ET-DSP™ is a proven extraction process that has been used extensively across 35 commercial environmental remediation projects since 1994
Break-through environmentally friendly approach to oil sands extraction
Significantly compressed time frame from construction initiation to production, cash flow and complete recovery
Considerably lower capital and operating costs versus other extraction processes
Strong project economics (netbacks and IRRs) even in lower commodity price environments
Enables recovery of large portion of Canada's oil sands previously not considered exploitable
McDaniel, a leading independent petroleum engineer, has recognized Economic Contingent Resources using ET-DSP™
First commercial project will be 10,000 bbl/d at Poplar Creek, with planned expansion to 40,000 to 50,000 bbl/d
Strategic location just outside of Fort McMurray with convenient access to labour and key infrastructure
Strong management team, led by Dr. Bruce McGee, and experienced Board of Directors
