LOW CARBON EMISSIONS TO PRODUCE
Big Sky Resources controls 30,000 net leased acres in Utah, which we intend to increase to approximately 100,000 net acres. The Company's proven oil manufacturing process separates oil sands into ultra-low sulfur oil and sand to produce sustainable products, all with dramatically lower emissions and zero waste. The oil sands of the western United States are noticeably different compared to the Canadian oil sands in that they are locked in dry sandstone formations with very little water. The dry nature allows the ore to be mined by conventional means and processed by simply crushing the ore and washing it in a solvent. This means our process is clean with no waste, which compares favorably with the environmentally insensitive Canadian oil sands.
REMEDIATED ULTRA LOW SULFUR OIL
Low carbon manufacturing of oil sands, separating and remediating oil from sands utilizing proven green oil sands processes resulting sand, silica and water as byproducts
- 30,000+ Net Acres with favorable royalties
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4.5 B barrels of potential oil in place (Netherland Sewell)
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Ultra Low Sulfur Heavy Oil provides premium oil price
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Initial production of 2.5k b/d with expansion to 40k b/d
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Low unit costs (<$22/Bbl) enhanced by byproduct revenue
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120k-acre aerial 3D survey completed 4Q21
LOW CARBON OIL PRODUCTION
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Estimated 50% lower CO2 emissions in production of low sulfur oil based products
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Onsite processing enhances low carbon production profile as no additional refining is needed
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Closed loop production system minimizes emissions
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95%+ surface oil removed from native sand
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Plant produces no waste product
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Ultra-low sulfur fuel could potentially be provided to the Marine Industry as a low carbon, cleaner fuel
IMO 2020 BUNKER FUEL
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The International Maritime Organization (IMO) lowered max sulfur in fuels from 3.5% to 0.5% in 2020
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Limited availability of low sulfur heavy fuels worldwide
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Unique oil, only trace amounts of sulfur, typically <0.3%
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Expect to produce Very Low Sulfur Fuel Oil or potentially Marine Gas Oil (WTI+$10-15/Bbl)
AGING REFINING INDUSTRY
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No decline curves/No reservoir risk
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Limited maintenance CapEx
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Surface mining vs downhole and associated risks
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Homogenous resource 100-200 ft. thick
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Target mineable resource Sufacet to 500 ft. deep
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95%+ recovery of mineable ore
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20+ year reserve life
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Large resource base, comparable to Bakken (7.4 B bbls oil) and Eagleford (9.5 B bbls oil)
