Company Information for Nevtah Capital Management Corp

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Company Statement

Nevtah Capital Management is a Florida-based publicly-traded company whose primary activity is a joint venture with Black Sand Energy Corp., which has the exclusive right to a patented-protected, proven, closed loop solvent extraction technology to extract oil from tar sand deposits.  The technology was  successfully demonstrated during a full scale operation in Wyoming for one year, producing an average of 2000 bbls oil per day and has also recently been proven at the current pilot plant project in Utah.  The system is highly scalable, is extremely mobile and delivers oil at under $ 12.50 USD per barrel including transportation costs.  The technology features a closed loop system with near-zero solvent loss, produces minimal greenhouse gases and returns the cleaned-up sand to the environment, leaving the eco-system in better-than-original condition.  The technology works in locations that lack significant water resources and works efficiently on a wide range of host oil and sediment types.
 

Current Operations

The joint venture partners are currently focusing their activities on their 14 oil leases in the Utah Tar Sands, a resource estimated at 900 million bbls of oil (US DOE Estimates-1983).  The pilot plant operation has recently been relocated onto one of the companys’ oil leases in Asphalt Ridge, Utah and has been winterized, along with its support equipment in order to maintain processing levels at colder temperatures. 

An engineering firm has been commissioned to engineer the scale-up for two extraction units, the first, a mobile unit to produce between 250-300 bbls per day and a second, larger commercial unit that will produce 100 bbls per hour for an average daily output of 2000 bbls.  Annual production of this unit would be 800,000 bbls at 91% capacity.  Until now, the petroleum industry has not succeeded in finding a commercially viable process to recover oil from a full scale production plant and from the current, successful plant testing, the partners feel that they now have a viable, efficient extraction process for the successful commercialization of the technology.  Other joint venture lease possibilities are currently being investigated by the Company.

Geographical Spread

Current focus on the Utah Tar Sands, Utah, USA,  and other joint venture possibilities involving tar sand deposits in 70 countries around the world with an estimated 2.722 trillion bbls of oil available.  (Source:  US Geological Survey Bulletin #1944.)

Board of Directors and Key Management

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