Rival Technologies Inc. - Global Oilsands Activity On the Rise
Rival Technologies Inc. (OTCBB:RVTI) management team is developing new business opportunities for the TRU(R) process in numerous potential SAGD applications.
(EMAILWIRE.COM, September 22, 2009 ) New York, NY, Sep. 22, 2009 - Rival Technologies Inc. (OTCBB:RVTI) recently announced that as activity in the Alberta oilsands begins the climb back to earlier levels, the management team is developing new business opportunities for the TRU(R) process in numerous potential SAGD applications.
Increasing production of heavy oils and bitumen has created an opportunity for primary upgrading of heavy oils and bitumen at the field level.
Recent discussions have identified several additional opportunities where inclusion of the TRU(R) process would add significant value to the bottom line of these planned SAGD projects. In addition Rival Technologies Inc. has also started negotiations with a large U.S. oil company, details of which will be released in the coming weeks.
Total oil resources worldwide are estimated at roughly 9 to 13 trillion barrels of which 30% are conventional. Oil sands, heavy oil and bitumen make up the remaining unconventional 70%. Before moving from the field to the refinery unconventional resources will need to be upgraded and represent the prime market for the TRU process technology. The proprietary TRU process is protected through extensive patent applications and the product, a premium grade synthetic oil, is trademarked TRULITE®.
The company estimates that TRU process technology adds $12-21 per barrel to the wellhead value of heavy oil.
Oil / Energy Industry Peers
Rentech, Inc. (NYSE AMEX: RTK), Energy XXI Limited (Nasdaq:EXXI), ATP Oil & Gas Corporation (NASDAQ:ATPG), Brigham Exploration Company (NASDAQ: BEXP), Power Oil & Gas (OTCBB:PWOIF).
Douglas B. Thomas, President & CEO
Rival Technologies Inc.
Disclosure: All material herein was prepared by Keros Capital Inc. (Keros) based upon information believed to be reliable. The information contained herein is not guaranteed by Keros to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Keros is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.keroscapital.com or mentioned herein. Keros has been compensated two hundred twenty five thousand shares for this advertising effort. Keros affiliates, officers, directors and employees may own shares and may buy and sell additional shares of the company mentioned herein and may profit in the event those shares rise in value. Keros will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market. Copyright 2009 by Keros Capital. All rights reserved. This publication or part thereof may not be duplicated or reprinted without the written permission of the Publisher. Facsimile including photocopy(s) is strictly forbidden, except for facsimile correspondence between Keros Capital. If this publication contravenes any securities laws and/or regulations, the securities regulations of the country will prevail. In this event, this publication must be discarded immediately. Anyone not wishing to receive future Keros Capital Investor Reports should email us at opt-out@keroscapital.com
Increasing production of heavy oils and bitumen has created an opportunity for primary upgrading of heavy oils and bitumen at the field level.
Recent discussions have identified several additional opportunities where inclusion of the TRU(R) process would add significant value to the bottom line of these planned SAGD projects. In addition Rival Technologies Inc. has also started negotiations with a large U.S. oil company, details of which will be released in the coming weeks.
Total oil resources worldwide are estimated at roughly 9 to 13 trillion barrels of which 30% are conventional. Oil sands, heavy oil and bitumen make up the remaining unconventional 70%. Before moving from the field to the refinery unconventional resources will need to be upgraded and represent the prime market for the TRU process technology. The proprietary TRU process is protected through extensive patent applications and the product, a premium grade synthetic oil, is trademarked TRULITE®.
The company estimates that TRU process technology adds $12-21 per barrel to the wellhead value of heavy oil.
Oil / Energy Industry Peers
Rentech, Inc. (NYSE AMEX: RTK), Energy XXI Limited (Nasdaq:EXXI), ATP Oil & Gas Corporation (NASDAQ:ATPG), Brigham Exploration Company (NASDAQ: BEXP), Power Oil & Gas (OTCBB:PWOIF).
Douglas B. Thomas, President & CEO
Rival Technologies Inc.
Disclosure: All material herein was prepared by Keros Capital Inc. (Keros) based upon information believed to be reliable. The information contained herein is not guaranteed by Keros to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Keros is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.keroscapital.com or mentioned herein. Keros has been compensated two hundred twenty five thousand shares for this advertising effort. Keros affiliates, officers, directors and employees may own shares and may buy and sell additional shares of the company mentioned herein and may profit in the event those shares rise in value. Keros will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market. Copyright 2009 by Keros Capital. All rights reserved. This publication or part thereof may not be duplicated or reprinted without the written permission of the Publisher. Facsimile including photocopy(s) is strictly forbidden, except for facsimile correspondence between Keros Capital. If this publication contravenes any securities laws and/or regulations, the securities regulations of the country will prevail. In this event, this publication must be discarded immediately. Anyone not wishing to receive future Keros Capital Investor Reports should email us at opt-out@keroscapital.com
Contact Information:
Rival Technologies Inc.
Jim Mav
Tel: 908-464-1747
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
Rival Technologies Inc.
Jim Mav
Tel: 908-464-1747
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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