MCW Energy Group Ltd.

MCW Energy Group Ltd. 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. 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 Bbbl undeveloped but recoverable oil (DOE estimate). Asphalt Ridge, the location of MCW's first plant, is one of Utah's eight major oil sands deposits with over 50 MMbbl of undeveloped oil sands deposits (DOE estimate).