GOLDEN PLAIN PROJECTS
Canshale Corp.’s “Golden Plain Projects” total approximately 52,000 hectares near the town of Hudson Bay, Saskatchewan and encompasses an abundance of oil shale—an organically rich sedimentary rock from which liquid hydrocarbons can be obtained. Golden Plain North comprises ~20,000 hectares, while Golden Plain South encompasses ~20,000 hectares, and Golden Plain East comprises ~12,000 hectares. Independently prepared estimates of recoverable volumes of petroleum resources, measuring greater than 12 billion barrels of contingent resource, best estimate.
In a world expected to grow to 9 billion people by 2040, global energy demand will increase dramatically, led by the needs of those countries with rising populations and living standards. It will take more than increasing energy efficiency to meet these global demands. World energy consumption is forecast to continue to grow dramatically over the next many decades including a projected increase of 20% in liquids demand to 2040. This projected increase in demand accounts for a worldwide production increase of 19 million barrels per day by 2040, but it is important to note that while demand is growing, the world is expected to need to replace 78 million barrels/day of natural production declines over the same period. This effectively suggests that the world’s current global production must be replicated by 2040 to meet the needs of humanity. The International Energy Agency estimates that US$400 billion is required to be invested every year in new petroleum production just to meet these forecasts.
A reasoned view of the future recognizes that fossil fuel use will continue to grow and remain the most important source of primary energy for the forseeable future. Therefore, large-scale energy projects offering sustainability and economic feasibility, such as Canshale’s Golden Plain Project, will be an important part of the energy mix for generations.
The Golden Plain Projects set a new standard for stewardship, addressing the environment in four critical ways:
- Projects are located on prairie farmland, neither threatening nor affecting Canada’s boreal forests;
- Mining operations are based on small footprints using efficient continuous mining methods. Short cycle reclamation is expected to return the lands to productive farmland well within 7 years of initial disturbance;
- Our unique process design is premised on:
- Energy self sufficiency
- Little-to-no water consumption
- Little-to-no emissions - including CO2
- No tailings ponds
- By-products include absorbents for emission control and water treatment, soil enhancers and fertilizers, building materials and clean electrical power.