BOSS ENERGY LIMITED - ASX: BOE

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Description

Boss Energy's Tasmanite oil shale project is located between Latrobe and Railton, 10 kilometres south-west of the port of Devonport in Northern Tasmania with excellent access to existing infrastructure (port and roads).

The Latrobe oil project has a JORC indicated resource of 42 million tonnes of Tasmanite oil shale of which approximately 6 million tonnes is at less than 20 metres depth and amenable to open cut mining methods. An additional JORC compliant inferred resource of 30 million tonnes of Tasmanite oil shale is estimated.

The Tasmanite oil shale horizon within EL 20/2004 has already produced 1.13 million litres of oil from historical underground mining operations. Historical drilling campaigns have demonstrated a continuity of the deposit over a large area.

The variety of oil shale found at the company's Latrobe Oil Project is unique to Tasmania and has advantages over other Australian oil shales in that it can be used as a source of bitumen as well as oil and power generation.

Boss Energy has an experienced Board with exploration, production, project evaluation and development and corporate skills and will consider other acquisition opportunities that have the potential to add value for shareholders.

With a highly skilled exploration and operations team in place Boss Energy is committed to its oil shale project and is on the pathway to production.

Mine For

oil shale, oil, gas

Location of operation(s)

Tasmania

Address

Suite 24 , 18 Stirling Highway
NEDLANDS, WA, AUSTRALIA

Phone

(08) 9389 6600

Email

Website

http://www.bossenergy.com/

Last Updated

3/05/2010