Rival Technologies Inc. – Bringing the TRU Process to the U.S.
Rival Technologies Inc. (OTCBB:RVTI) is in discussions with an ideal U.S. based Partner.
(EMAILWIRE.COM, October 02, 2009 ) New York, NY - Rival Technologies Inc. (OTCBB:RVTI) is now in discussions with a large, privately held, United States based heavy oil producer/refiner/pipeline company, regarding the use of the TRU process technology.
Technical due diligence has commenced and will be completed in the next month. "This would be an ideal partner for us, as they are involved in all aspects of heavy oil applicable to the TRU process technology," stated Doug Thomas, President of Rival Technologies Inc.
The next step would include construction of a continuous feed pilot plant using the TRU process technology and this oil producer's feed stock. Results from this phase would move the project forward to commercial production.
Rival has three additional oil producers in discussions for a similar arrangement, as well as also taking steps to fund and build its own pilot plant.
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.
Oil / Energy Industry Peers
ExxonMobil (NYSE: XOM), BP (NYSE:BP), Total SA (NYSE:TOT), Chevron Corporation (NYSE:CVX), Cobra Oil & Gas (OTCBB: CGCA).
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
Technical due diligence has commenced and will be completed in the next month. "This would be an ideal partner for us, as they are involved in all aspects of heavy oil applicable to the TRU process technology," stated Doug Thomas, President of Rival Technologies Inc.
The next step would include construction of a continuous feed pilot plant using the TRU process technology and this oil producer's feed stock. Results from this phase would move the project forward to commercial production.
Rival has three additional oil producers in discussions for a similar arrangement, as well as also taking steps to fund and build its own pilot plant.
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.
Oil / Energy Industry Peers
ExxonMobil (NYSE: XOM), BP (NYSE:BP), Total SA (NYSE:TOT), Chevron Corporation (NYSE:CVX), Cobra Oil & Gas (OTCBB: CGCA).
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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