Objectives
We intend to make an Initial Public Offering (IPO) on the London Stock Exchange's Alternative Investment Market (AIM) or if successful in further equity fund raising to keep the company private.
Engineering construction of the initial commercial plant producing 15,000 barrels per day (bpd) is scheduled to start in 2011/2012. Once the processing methods and yields have been fully demonstrated with this plant, Jordan Energy and Mining will upgrade to a full-scale plant with an anticipated lifespan of over 30 years and a production capacity of 50,000 to 100,000 barrels per day.
While we are focusing on Jordan today, longer term we expect to repeat our mining and processing concept in other countries with significant oil shale resources and the right geographic, economic and political profile.