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Uranium Power Corp
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| Click to listen to the Interview
with: |
| Tim Brock, August 9, 2004 |
| HIGHLIGHTS |
| Two potentially
enormous projects |
| Providing cash flow
shortly |
| Significant and
deep expertise |
|
| BUSINESS |
| Mining and refining
of petrochemical feedstocks from oil shale |
| Intends to be a
niche feedstock producer with stable production costs, establishing long
term delivery contracts |
|
| Address: 475 Howe Street, Suite 206,
Vancouver, British Columbia V6C 2B3 |
| Telephone: 604-685-8355; ,
Fax: 604-687-8789 |
| Chairman & President: Thornton
Donaldson |
| Web Site: http://www.apioil.net |
State or other jurisdiction of incorporation
or organization: Colorado
Independent Auditors: Pannell
Kerr Forster, Vancouver |
| Investor contact: Peter Matousek, 503-332-9675 investor@apioil.net |
| |
| OIL
SANDS |
| Vital to the North American Energy Equation |
| (from a January 2004 "Overview of Canada's
Oil Sands" report from the investment firm TD Securities) |
| Canada's huge oil
sands reserves represent a long-term, proximate and secure source of oil
supply for the U.S. |
Huge, long life,
resource base, with no exploration risk
Oil sands producers enjoy strong, predictable growth profiles
Oil sands' cash operating costs continue to decline |
| Oil sands produces
enjoy a significant total cost advantage vs. conventional producers |
|
| Technology -- Steam Assisted Gravity
Drainage (SAGD) |
| the key to unlocking most of Canada's Oil sands |
| Drill pairs of horizontal
wells and inject steam into the upper well |
| Offers a significant
increase in overall recovery |
|
| SAGD advantages over CSS (Cyclic Steam
Stimulation) |
| Recovers up to 70%
of bitumen* |
| *Bitumen is a category of organic liquids which
are highly viscous, black, sticky and wholly soluble in Carbon Disulfide.
Asphalt and tar are the most common forms of bitumen. |
| CSS typically recovers
25-30% of bitumen |
| Operates at lower
temperatures and pressures, allowing use of less specialized equipment |
| The large majority
of new in-situ projects will use SAGD |
| |
| HIGH
GROSS MARGINS |
| After refining the
petrochemical feedstocks in the Pasquia Hills Oil Shale project (see below)
have an estimated potential value of $84 per barrel |
| With an estmated
extraction and refining cost of $25, leaving a gross margin of $59 per
barrel |
| The components of
the $84 estimated value, using the average price over the last seven years
of each feedstock component, are |
| □ Styrene #2
$47.15 |
| Used as a component for plastics, styrene-butadiene
rubber and latex, unsaturated polyester resins, ABS resins. Major
producers of styrene include Sterling Chemicals, Chevron-Phillips, Dow
Chemicals, Nova Chemicals, BP, Lyondell Chemicals, General Electric Corp. |
| □ Styrene #1
$13.96 |
| □ Naptha
$14.78 |
| Blended to make gasoline. Also used to
dissolve rubber and to thin paints and varnish. |
| □ Benzene
$4.35 |
| A component for plastics. Worldwide major
producers include Exxon-Mobile, Chevron-Phillips, BP, Equistar Chemicals,
Koch Industries, Shell and Dow Chemicals |
| □ Toulene
$3.65 |
| Raw material to produce benzoic acid, used
as a preservative for foods, beverages and cosmetics.. Also used
as a lacquer solvent and in the manufacture of dyes and perfumes. |
| □ Total
$83.90 |
| |
| PROPERTY
LOCATION & SIZE |
Pasquia Hills Oil Shale Project
Covers 1 million acres located in Central
Saskatchewan, Canada
Includes the 50,000-acre
mine site containing a resource of 4.3 billion barrels of shale oil, which
contain 59% aromatics, by weight. |
|
Firebag East -- potential for
several billions barrels of oil
Project
located within the Athabasca Tar Sands* (see below) |
| Comprises 1,600,000
acres (2180 square miles) |
| Is the largest land
holding in the Athabasca Tar Sands |
| Is adjacent to four
World Class Oil Sand projects, including Suncor, which have reported reserves
of 14 billion barrels oil with planned production of 500,000 barrels oil
per day |
| Geologic mapping
as well as drill data confirm the same potential on the Firebag East Lands |
|
| * Athabasca Tar Sands |
| The Athabasca Tar
Sands is a large area of tar sands located mainly in north-eastern Alberta
and, to a much lesser degree Saskatchewan. |
| It is estimated
that the Athabasca Tar Sands contain approximately one third of the world's
total oil deposits |
| With another third
in the Venezuelan Orinoco tar sands deposit |
| The remaining third
of the world's oil is in the form of conventional oil, much of it in Saudi
Arabia and other Middle-Eastern countries. |
| |
MANAGEMENT
Thornton Donaldson, P.Eng., President, Chairman & Director |
| Geologist with over 40 years experience in
all aspects of public company finance and administration, was formerly
the majority shareholder of Donaldson Securities, and has extensive experience
in mineral exploration and production. |
|
| Keith McCrae, P.Eng., Consultant |
| Seasoned Oil Industry Executive with successful
international leadership history and diversified business and project
management experience. First President of a Central Asian Oil Company
with six thousand native employees; Division Manager of an Intermediate
Canadian Oil and Gas Company with assets in Colombia and Yemen; VP Corporate
and Business Development for two major international EPC corporations;
Consultant for development of new technologies in the Canadian Tar Sands;
Project Development in the Middle East |
| Leading a team of experts in the development
of a new, hi-impact technology for the recovery of hydrocarbons from tar
sands tailings streams. RHS Technology offers an economic method of eliminating
the tailings streams associated with Athabasca Tar Sands Production, while
bringing tar sands mega projects in line with Kyoto emissions standards |
| Member of APEGGA, Past President of CGPSA and
Past Governor of Oilmens |
| University of Alberta, Edmonton, Alberta, B.Sc
Mechanical Engineering |
|
Michael J. Ranger, Phd, Consultant
Seasoned petroleum geology, sedimentology, sequence stratigraphy,
ichnology, and software design consultant. Focused on oil sands
& heavy oil evaluation and research, with extensive experience in
the sedimentology and sequence stratigraphy of Athabasca, Wabasca and
Cold Lake. Conducted and supervised numerous projects integrating
core, outcrop and wireline logs. Recent major contracts: Talisman,
ConocoPhillips, Japan Canada Oil Sands, Alberta Energy Company, Kennecott
Canada, TotalFinaElf, OPTI Canada, Koch Canada, Syncrude Canada. |
| Widely published including in 'refereed publications'.
Popular lecturer including in November, 2003: Geology of the Athabasca
Oil Sands, Current Research, Nw Interpretations, Recent Debate.
Canadian Society of Petroleum Geologists, Technical Luncheon, Calgary,
Alberta. |
| University of Alberta, PhD. Petroleum Geology,
Thesis title: A Basin Study of the Southern Athabasca Oil Sands
Deposit. Memorial University of Newfoundland, St. John's, MSc. Sedimentary
geology. Concordia University, Montreal, BSc. Geology major. |
|
| George Randolph (Randy) Buchanan, Consultant |
| February 1996 to Dec. 2003: President/CEO/Director
Lexoil Incorporated. Public oil company (TSX Venture) sold to Aquest
Explorations Ltd., Calgary, Alberta |
| July 1995 to February 1996: President/CEO/Director
Eurogas Corporation, Public (TSE) international oil company. Calgary,
Alberta with subsidiary offices in Tunisa - N. Africa, Bermuda, Cyprus,
and a field office in Western Siberia Russia. |
| April 1992 to July 1995: President/Director
Clearport Petroleums Ltd., Public (TSE/ASE/VSE) domestic company. Calgary,
Alberta |
| Bachelor Science in Geophysics/Geology, APEGGA
Gold Medal in Geophysics, Member APEGGA P.Geoph., Member CSEG, SEG |
|
| Paul D. Watson, P.Geol., consultant |
| A Natural Resource Explorer, Developer, Acquirer
and Financier with 31 years of North American and International experience. |
| Successfully lead or participated with a team
of individuals to close capital financings of over $150 million dollars.
Capitalization was achieved by various means including equity, joint venture
arrangements, rights offerings, debt instruments and off balance sheet
transactions. |
| Successfully managed companies and exploration
groups from start up to business units of 20+ professional and support
individuals. |
| Caused over 500 exploration and development
wells to be drilled resulting in asset appreciation equivalent to the
value of 42 million barrels of oil equivalent. |
| Managed yearly capital spending programs that
have exceeded $74 million. Results achieved include high financial returns
(cash flow, income and earnings) and an average shareholder equity appreciation
of up to 9 times. |
| Well versed in all financial recording and
reporting aspects of Energy, Technology and Engineering industries. |
| Lead and supported public presentations to
industry analysts, fund managers and retail sector brokers in Canada,
United States and Europe. |
| B. Sc. (specialization in Geology) 1973,
Completion of executive MBA program, U. of C. Associations: A.P.E.G.G.A-Active
member, P. Geol.; C.S.P.G.-Active member; A.S.P.G.-Active member |
|
| Bill Timmins, P.Eng., Director |
| Geologist with over 35 years experience in
all aspects of mineral exploration, oil and gas exploration and development
in Western Canada and the United States. HE had extensive experience
as a Director of varous publicly traded companies over the last 25 years. |
|
| George Orr, C.A., Consulting Accountant |
| Accountant with 15 years experience, in public
compnay administration, governance, audit procedures and reporting requirements.. |
|
| Tim Brock, B.A., Financial Consultant |
| Financial advisor with 30 years experience
in venture capital finance as well as shareholder relation programs. Over
20 years experience in oil and gas exploration and production. He
also completed the initial finance for Synenco Energy Inc., a private
company that has now reported over 1.5 billion barrels measured Athabasca
tar sands at its Firebag project located north of Fort McMurray, Alberta.
The Firebag project may reach production by 2008. |
|
| Todd Montgomery, Project Development Consultant |
| An independent mining and petroleum consultant.
Over the last 17 years, he has been responsible for the initiation of
various projects in Alberta, British Columbia, Saskatchewan, and the western
United States. Mr. Montgomery is the founder and former President
of Synenco Energy Inc. He was also responsible for theidentification and
procurement of the Firebag project, which became the Northern Lights Oil
Sands Project. Mr. Montgomery has significant hands-on exploration
experience. |
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| IPOdesktop (ID)
SAFE HARBOR STATEMENT: Statements contained in this document, including
those pertaining to estimates and related plans, potential mergers and
acquisitions, estimates, growth, establishing new markets, expansion into
new markets and related plans other than statements of historical fact,
are forward-looking statements subject to a number of uncertainties that
could cause actual results to differ materially from statements made.
ID provides no assurance as to the subject company's plans or ability
to effect any planned and/or proposed actions. ID has no first-hand knowledge
of management and therefore cannot comment on its capabilities, intent,
resources, nor experience and makes no attempt to do so. Statistical information,
dollar amounts, and market size data was provided by the subject company
or its agent and related sources believed by ID to be reliable, but ID
provides no assurance, and none is given, as to the accuracy and completeness
of this information. |
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| DISCLAIMER:
The information, opinions and analysis contained herein are based on sources
believed to be reliable but no representation, expressed or implied, is
made as to its accuracy, completeness or correctness. Past performance
is no guarantee of future results. This report is a paid advertisement
and is for information purposes only and should not be used as the basis
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