Sunday, July 26, 2009

CGCA - Potential Reserves of Over 1 Billion Barrels

Potential Reserves of Over 1 Billion Barrels!


CGCA - Max Pozzoni, President. Summary:

  • Most recent news in Utah.
  • Involved in project. Producing oil from sand!
  • Leases that belong to Exxon, and partner Entercore. Will secure tar sands.
  • Potential reserves of over 1 billion barrels.
  • Break even point in lower 20's.
  • 12% override with Exxon royalty.
  • Oil comes from national resources.
  • Extraction from tar pit.
  • Environmentally friendly.
  • Possible production of several thousands barrels a day.
  • Within next 3-6 months.
  • Northern Montana option also.


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