Temple Mountain Energy Officially Opens Its Doors as Technology Provider for Oil Sands Recovery Efforts

Energy Resource, Oct 18, 2006

ENERGY RESOURCE-18 October 2006-Temple Mountain Energy Officially Opens Its Doors as Technology Provider for Oil Sands Recovery Efforts(C)2006 JeraOne - http://www.jeraone.com

Officials today formally announced the operational start up of Temple Mountain Energy Inc. at the privately held company's offices in Minneapolis, Minn.

Initially incorporated in 1998, TME officials have been working to develop what they describe as "innovative technical solutions" to offset the nation's growing dependency on foreign sources of energy through technologies specific to oil sands recovery efforts.

"We are now ready for TME to enter onto our nation's energy production stage, and target the billions of proven barrels of heavy bitumen oil lodged in oil sands fields located throughout North America," said Jim Runquist, the company's chairman and chief executive officer.

"Heavy oil, being highly viscous, restricts the flow from the reservoir to well bore and is difficult to bring to the surface using conventional oil production methods, and that's why much of the oil sands are surfaced mined," he explained.

TME owns two specific enhanced oil recovery (EOR) technologies. One is an environmentally friendly fluid (PS-3) that the company calls "a significant" permanent viscosity reducer. The other solution is a production concept called the Diablo Mixing & Separation System.

Together, TME said they represent "the process" that the company will use in surface mining of oil sands, resulting in sand and oil being separated with significant reductions in the viscosity and improved API gravity - or quality -- of the oil.

"TME is part of a new generation of emerging energy companies working collaboratively with both state and federal government agencies and larger energy companies to tap the full potential of crude oil left stranded by a domestic petroleum industry in transition," Runquist said.

"The changes we've seen on the domestic energy scene for a number of years now have resulted in numerous small, but producing energy properties left stranded or dormant," he noted. "While these properties may be deemed 'marginal' or inefficient for development to a large company, they can be commercially viable to a smaller energy production company with less overhead.

"But, the basic geological challenge energy producers have with heavy oil is its very high viscosity, which makes it very difficult to transport efficiently from the soil to storage to transport, and finally to a petroleum refinery," said Runquist. "This is where our energy technology team has focused its attention and is prepared to introduce and implement new innovation methods to producing oil from oil sands."

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