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rmg and 60 minutes thankyou, page-4

  1. 13,180 Posts.
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    That was a great story. I said this was going to happen a few weeks ago.

    Stocks to watch now are RMG, ALE and BOE. Could we see these be the new UCG type stocks? 25cents for RMG by the end of the year. RMG - the stock to be!!

    Check the article on the following link:

    http://www.missoulian.com/articles/2007/11/04/business/biz37.txt

    Note the last 5 paragraphs re the pilot site and the qualoty of recovery of oil from shale much higher than other recovery techniques from oil in the ground and the sea.

    "At the Shell Mahogany research site, a web of gleaming silver pipes roughly the size of a football field attests to the years the company has spent on research. A coolant circulates through the pipes to freeze groundwater to form a wall designed to prevent water from flowing into the production area.

    Underground heaters eventually will be inserted inside the freeze wall to slowly cook the rock to at least 650 degrees Fahrenheit to free the oil. Building the wall will take another year.

    Boyd said tests at a smaller site recovered 62 percent of the hydrocarbons, better than the 25 percent to 30 percent recovery rate for conventional oil and gas. He said the oil produced is high-quality transportation fuel.

    Shell intends to move carefully to make sure it can produce the oil in economically and environmentally sound ways, Boyd said.

    "We're committed to making sure that we don't hurry up and get to the point of production without fully assessing and making sure that we're in balance," he said."i
 
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