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ASPHALT RIDGE DEVELOPMENT HISTORY

ASPHALT RIDGE HISTORY

The Asphalt Ridge oil sand deposit is located approximately 4 miles Southwest of Vernal, Utah. The deposit stretches approximately 11 miles along Asphalt Ridge and contains an estimated 1.1 billion barrels of bitumen. The deposit has been identified as a potential hydrocarbon resource since the 1800’s. Since that time, numerous development concepts have been promoted to exploit the resource.

BRIEF HISTORY OF ASPHALT RIDGE DEVELOPMENT

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ASPHALT RIDGE STATUS

ASPHALT RIDGE – STATUS

The primary oil sands processing facility at Asphalt Ridge is located on the "A" tract about 4 miles from Vernal, Utah. The facility is owned by Korea Technology Industry America (KTIA) through its subsidiary Crown Asphalt Ridge, LLC (CAR).

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