MCW Energy Group Limited is a Canadian-registered holding company, publicly trading on the TSX Venture Exchange (Symbol: MCW) and the OTCQX trading platform (Symbol: MCWEF). Offices are located in Toronto, Ontario, Canada, Century City, California and its initial plant location in Vernal, Utah.
MCW is focused on value creation of proprietary technologies for the environmentally-safe extraction of oil from oil sands and oil shale deposits, with an initial focus on Utah and its first oil sands lease in Asphalt Ridge.
MCW has a breakthrough, environmentally-friendly, proprietary oil sands extraction technology which is suitable for all hydrocarbon deposits. The closed-loop technology may also be applied for remedial project such as tailings ponds. After the launch of its first extraction plant in Utah, the Company is now scaling up its capacity with several additional, higher capacity extraction units within the state, which has over 30 billion barrels of undeveloped but recoverable oil. (DOE Estimate.) Asphalt Ridge, the location of MCW’s first plant, is one of Utah’s 8 major oil sands deposits with over 50 million barrels of undeveloped oil sands deposits. (DOE Estimate.)
The Company’s Board of Directors, the Management Team and Officers form an impressive group of very talented individuals with a diverse range of valuable experience ranging from chemical engineering and solvent research, business development, international project management, entrepreneurial achievements and senior management for global energy companies in North America and the Middle East. They have extensive knowledge of both conventional and unconventional oil and gas projects and production, both in upstream and downstream industry sectors.
After five years of hard work this management team has been successful in launching America’s first environmentally-friendly oil sands extraction plant in Utah in 2014. They have developed an aggressive, three phase developmental plan to market their unique extraction technologies, which is now being implemented.