CHANGING THE WAY 
BITUMEN IS EXTRACTED

2014

October  - Major equipment procurement complete

May to December  - Field preparation continued including plant site grading, auxiliary building construction, utility tie-in, and completing roadway and water supply infrastructure

May - Enhanced PR Spring Project sanctioned by Board of Directors; procurement of major equipment components initiated

April - Received U.S. patent

March - Received independent resources assessment indicating 184.3 million barrels of oil in place

January to December Expanded permanent staff and consulting expertise for project and construction management; invested over 24,000 man-hours of engineering work on the PR Spring Project

ballmill

2013

November - Ramp-up of all professional and supplier activities for the PR Spring Project

October - Closed $81 million strategic financing that fully funds 2,000 bbl/d PR Spring Project and enables initiation of additional corporate development activities

June - Project work commenced on the PR Spring Project through supply of road-building material and extended duration pump test of the production water well

May to October - Extensive financing related activities including marketing, negotiations, field reviews and due diligence

April - Received independent resources assessment indicating 184.3 million barrels of oil in place

January to December - Progressed final engineering of process designs and continued detailed 

2012

August - Received Canadian patent

May to October - Completed field program including drilling 37 core holes, developing a commercial water supply and defining surface miner operation configuration

May - Closed $11.0 million private placement financing to fund 2012 field program, working capital and initial project capital

February - Received independent resource assessment indicating 189.9 million barrels of oil in place

2011

June to November - Completed field program including drilling 180 core holes, evaluating water supply and testing surface mining equipment

June - Closed acquisition of 24,170 acres of undeveloped oil sands leases in the Uinta basin. This new land is referred to as the Cedar Camp Project area

April - Closed $12.6 million private placement financing to fund 2011 field program, lease acquisition and working capital

April - Earth Energy Resources Inc. completed reverse take-over of public company shell, to become US Oil Sands Inc., listed on the TSX Venture Exchange under "USO"

2010

February - Acquired 1,560 acres of land in the Uinta Basin - adding to the PR Spring Project area

January to September - Completed extensive process design work with varying duration runs of the Shop Demonstration Unit

January - Closed $1.1 million private placement financing to fund working capital

2009

September - Received Large Mine Permit approval from the Utah Division of Oil, Gas and Mining

January to December - Completed 16 runs of the Shop Demonstration Unit to gather additional engineering design information

2008

October - Engaged independent process equipment supplier to integrate various solids separation technologies into 2,000 bbl/d commercial extraction process

June - Closed $2.1 million private placement financing

April to December - Completed 27 Shop Demonstration Unit runs to further understand process variables

March - Received Ground Water Discharge Permit-By-Rule approval by Utah Division of Water Quality

February - Acquired 1,905 acres of land in the Uinta Basin - called the Northwest Project area

2007

October - Completed filing of international patent application through World Intellectual Property Organization (WIPO)

September - Submitted Large Mine Application to the Utah Division of Oil, Gas and Mining

July - Engaged independent engineering firm to perform scale-up engineering services and initial process validation

February to December - Completed over 30 Shop Demonstration Unit runs to generate data for scale-up engineering

February - Completed Shop Demonstration Unit in Grande Prairie; commenced testing

 

2006

September - Conducted electrical resistivity tomography (ERT) on the PR Spring Project area to delineate general bitumen targets and oil sand deposition

April - Acquired 1,808 acres of land in the Uinta Basin - adding to the PR Spring Project area

January - Initiated design and fabrication of 25 bbl/d automated and instrumented Shop Demonstration Unit for testing and collection of commercial engineering information

 

2005

November - Conducted successful field pilot test in Uinta Basin at PR Spring Project area

October - Closed $5.3 million private placement to fund field pilot test, project capital and working capital

August - Received Small Mine Permit approval by Utah Division of Oil, Gas and Mining

January to June - Acquired 2,562 acres and 50 acres of land in the Uinta Basin - called the PR Spring Project area

 

2004

October - Began initial international filing of patent

April - Completed 6 hour continuous pilot trial on 25 ton Athabasca oil sand

January to September - Continued development and construction of the extraction process

 

2003

March to Septemember - Fabricated and developed 150 bbl/d test unit

February - Company incorporated as Earth Energy Resources Inc.