Oct 14 2014
American Sands Energy Corp., an oil sands exploration and development company operating in Utah, is pleased to provide investors with an update on the permitting process for its Sunnyside Project.
The Company originally submitted its Notice of Intention to Commence Large Mining Operations on March 5, 2014 and has been working with the state regulators through the permitting process.
"Last week AMSE submitted an updated NOI to the Utah Division of Oil, Gas & Mining ("DOGM")", stated William Gibbs, Company CEO. "At this time, we believe that the revised submission fully responds to the comments provided by DOGM after review of our application. We believe that our project is fully compliant with all rules and regulations of the regulatory agencies. Our philosophy has always been to develop a world class, leading edge environmentally responsible project that protects the environment while extracting these valuable resources."
"We have a good working relationship with the regulatory agencies and have worked hard to understand and answer their concerns," says AMSE's COO, Robin Gereluk. "Through our innovative water-free process, AMSE is committed to building a showcase project that minimizes our environmental footprint, helping provide the energy we need in the cleanest manner possible."
American Sands anticipates commencing production by the summer of 2016, producing in excess of 5,000 barrels per day with production costs below $49 per barrel.
Source: http://www.americansands.com/