RSSSpeaker: Dammer knows oil shale
QUICKREAD
WHEN: 9 a.m.
WHAT: “Oil Shale Industry Perspective”
WHO: Anton (Tony Dammer), senior vice president, Red Leaf Resources, Inc.
Anton (Tony) Dammer is Senior Vice President of Red Leaf Resources, Inc., a Utah company that developed the Eco-Shale In-capsule Technology. Mr. Dammer is former director of the Office of Naval Petroleum and Oil Shale Reserves in the U.S. Department of Energy. In that capacity, he managed the operation of three petroleum and three oil shale reserves with yearly operating budgets of between US$150 and US$240 million, and revenues of between US$440 million and US$1.2 billion. He was the founder of the DOE’s Unconventional Fuels Program.
Anton “Tony” Dammer has a long history with oil shale development. Prior to joining Red Leaf Resources, he spent 29 years with the Department of Energy and was the director of the Naval Oil Shale Reserve. He joined Red Leaf Resources in 2008, impressed by the young company’s direction, technology and potential to get to commercial production.
He will address his company’s technology and give a brief synopsis of its history, as well as projections for the future. The company is ready to launch two commercial oil shale projects, Seep Ridge and the Holiday Block. The two projects have the potential to produce 9,500 and 30,000 barrels of oil per day, respectively. With capital backing, the company hopes to be cash-flow positive within a year and have production at those levels within several years.
Dammer will also talk about the oil shale industry, answering questions about improved technology, water usage, land disturbance, carbon footprints and the fears that residents have from previous oil shale booms.
Dammer will also address the production costs of oil shale, which he says are economic in light of current and projected oil prices.
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