heavy oil upgrading catalyst technology presentation
TRANSCRIPT
December, 2013
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Company Information• Bayshore is a Canadian Public Company with its stock trading
in Toronto Venture Exchange (Symbol: BSH)• Total issued shares – 16.4 million shares (October, 2013)• 52 weeks Price range - $0.11- $0.45• The company develops conventional and unconventional
oil/gas prospects in North America and International via:- Exploration and Development- Joint venture with local energy companies- Potential Merger & Acquisition
• Based in Calgary, Bayshore has Liaison Offices located in Beijing, Shanghai and Hong Kong.
Introduction of Management Team
Management TeamPeter Ho (Canada): CEO/President
Mark Roth (Canada): VP, Finance
CF Cheng (Hong Kong/China): China Executive President
Advisory Team
Dr. Janusz Grabowski (Canada): Technical Advisor
Ken Sinclair (Canada): Senior Technology Partner
Management TeamPeter Ho – President and CEO of Bayshore Petroleum
Corp. A Consultant with over 30 years of oil/gas industry experience in North America, China, Middle East, Asia. Mr. Ho is a registered professional Engineer and has worked in Multi-national companies such as BP, Texaco, Kerr McGee, TransCanada Pipeline. Mr. Ho has been involved in setting up a public company in Hong Kong, Canada and has strong relationship with PetroChina, China United Coalbed Methane Corp. and many other international oil/gas companies. Mr. Ho also has involved in numerous Heavy Oil, Oil sand, CBM projects in Canada and China for the past 20 years.
Potential Heavy Oil / Oil Sand Upgrading TechnologyBayshore has secured a technology that is revolutionary in the
energy industryThe technology utilizes a proprietary catalyst to convert Heavy
Oil/Bitumen into light oil (same as Diesel Quality) at normal pressure and low temperature
Different than Conventional Upgrading technology and is a much more simple operation. Both energy efficient and environmental friendly than conventional process.
Bayshore Management owns the right to market and manage the technology application worldwide.
Market size of this business is well over billion dollars range
Conventional Oilsand/Heavy Oil Upgrading
Complex Upgrading process involvingComplex Upgrading process involvingHigh Pressure, Temperature and HydrogenHigh Pressure, Temperature and Hydrogen
CCC Heavy Oil/ Bitumen Upgrading Technology
Synthetic Gas
Light Oil (>30 API Diesel Grade)
ONE SINGLE STEP !!!
Petcoke
CCCCCCCATALYSCATALYSTT
420 Deg CAtm Pres.No Hydrogen
Merits of the Technology
UPGRADING PROCESS - CONTINUED
There are surplus high heating value synthetic gas and petroleum coke produced in the upgrading process.
The process is designed to upgrade the heavy oil directly to raw Diesel without other petroleum distillates such as Gas Oil, Kerosene, Naphtha, etc.
The yield of more than 0.8 barrel of diesel per barrel of heavy oil is much higher than conventional refinery which has less than 0.35 barrel of diesel!!
The new technology can be applied to upgrade Heavy oil or Bitumen from oil sand into light oil products in a much more efficient manner than the conventional conversion process.
Process DescriptionMixing Catalyst and Heavy oil/Bitumen in container
and run through pyrolysis with no pressure or Hydrogen added
Volatile products are collected and condensed into Diesel oil. The other product include Synthetic Gas and solid Petroleum Coke (PETCOKE)
The complete pyrolysis batch process takes 3-3.5 hours to complete and the temperature slowly heated from ambient temperature to 450 degree Celsius.
Lab Scale Bench Test
HEAVY OIL UPGRADINGLaboratory Scale Test
Results
Formal China Oilsand / heavy Oil laboratory test reports prepared for Bayshore Petroleum.
The Inventor is very keen to apply this Canada/China joint venture technology to Global Heavy Oil/ Oil Sand countries.
Potential Heavy Oil/ Oilsand Upgrading Technology Economic Benefit
$60/Bbl
Scale Up Pilot Test
Small Scale Pilot Upgrader has already been constructed and tested in Beijing Facility with anticipated Results
Scale Up Pilot Test
Diesel coming out from the scale up pilot plant
Unloading coke generated in the process Chunky
Valuable Petcoke
Capital CostSimple Operation requires only heating vesselEstimated Capital cost $10,000 US per barrel per day of
heavy oil processing Example: $20 million US will be able to build a 2,000
barrels per day heavy oil processing plant that can yield 1,650 barrels of diesel plus synthetic gas and Petroleum coke.
Design of the processing plant will utilize the gas for heating and save significant operating cost!!
Economic Parameters1 Barrel of Heavy oil yield 0.83 barrel of Diesel oil using
0.02 barrel of catalystCost of Heavy Oil - $60/bblCost of Catalyst - $200/bblSelling price of Diesel - $110/bblPlant Operating cost - $8/bblNet Profit - $19-$20/bbl !!!
World Heavy Oil ResourcesThe BIG PICTURE !!
19
> 3.4 Trillion > 3.4 Trillion Barrels !!!Barrels !!!
Funding RequirementBayshore is seeking Global Heavy Oil owners and
funding groups to work together and expand the technology worldwide
Bayshore is raising 5 million Cdn private placement from Strategic investors to expand the business opportunity.
$0.18/share for a total issuance of 27.778 million sharesMinimum Subscription -$0.5 millionPrivate Placement to be completed by December 31,
2013.
Funding RequirementProceeds of the funding will be used to conduct business
development, marketing, sample collection, conducting laboratory and small scale test, commercial scale engineering design and general G&A.
It is anticipated at least 3 major upgrader projects will be secured in the next 6 months which Bayshore will be able to participate or joint venture with other groups.
If feasible, further fund raising by Bayshore will be conducted to implement the project in each country.
BAYSHORE PETROLEUM CORPORATIONFUTURE DEVELOPMENT PLAN
Exploration of better utilization of synthetic gas and Petroleum coke to provide Bayshore with another stream of steady income.
Expansion of the new catalyst technology can eventually be applied underground and turn heavy oil or oil sand reservoirs into light hydrocarbon reservoirs with high productivity and valuable products (synthetic gas and light oil). Bayshore will become the pioneer of the in-situ upgrading technology company and this development will open up even more opportunities for Bayshore to become a strong upstream operator.
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Value Chain of Heavy Oil/Bitumen
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In Situ Upgrading
Surface Upgrader Desulphurizer
Ultra Low Sulphur Diesel product
5 – 20 API Heavy Oil
Petroleum Coke
Upstream Operation
Mid/Down Stream
Catalyst
Gas
CONTACT
For Further Information and contact:
Mr. Peter [email protected] +1-403-630-4355, Hong Kong +852-9160-4450