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Goldnev Resources Inc. is an Alberta based, Public Energy Company whose shares are listed on the Toronto Venture Exchange under the symbol GNZ.
Actively engaged in the exploration, development and production of unconventional oil shale resources, Goldnev also maintains conventional crude oil and natural gas reserves throughout Western Canada.
As an emerging junior oil and gas company, Goldnev is poised for dramatic growth with a strong inventory of near-term oil and gas development opportunities that have significant potential for increased production and cash flow. This is complemented with a longer-term high impact, oil shale resource project in Pasquia Hills.
Corporate Strategy
Conventional oil and gas prospects: The Company’s focus for 2010 is on cash flow. Goldnev’s Turner Valley, Pincher Creek and Noel properties are located in active oil and gas fields with nearby pipeline and processing infrastructure.
Unconventional oil shale resource prospects: Earlier this year, Goldnev announced it had appointed Hatch Ltd. to undertake and complete a pre-feasibility study (PFS) for the development of a Shale to Liquids Plant at the Company’s Pasquia Hills, Saskatchewan property. Hatch is a world leader in consulting, engineering, procurement and construction management, and is active in the principal divisions of mining and metallurgy, energy and infrastructure. Hatch comprises over 8,000 professional employees and has extensive expertise in the design and engineering of oil shale mining and processing facilities throughout the world.
The PFS will incorporate the results of the Company’s completed core hole drilling exploration and development program. North and South permits are estimated to contain approximately 2 billion barrels of contingent resources.
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