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American Sands Energy Corp. (fka AMSE) RSS Feed

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American Sands Energy Corp.




 Executive Interviews from EnerCom's The Oil & Gas Conference® 18

http://media.oilandgas360.com/2013-american-sands-energy-will-gibbs/

 

Corporate Video:

http://www.youtube.com/watch?v=Pz1-3z__A8o&noredirect=1

Corporate Website:

http://www.americansands.com/





American Sands Energy Corp. (a Delaware corporation) is committed to the efficient extraction of oil and other naturally occurring hydrocarbons contained in oil sands, shale and similar types of geologic structures prevalent in the Mountain West region of North America using a proprietary technology.

ASEC has the rights to mine oil sand ore and extract bitumen from private property located near Price, Utah (the Sunnyside Lease).   The Sunnyside Lease area contains some of the prime oil sands deposits in Utah.  We have the rights to approximately 1,800 acres with estimated net P50 resources of 200 million barrels of recoverable bitumen to the Company.

ASEC’s proprietary process extracts bitumen from oil sands at a low cost with no expected long term effect to the environment.  The process uses NO water and produces only bitumen and clean sand.  
There are no tailings or hazardous byproducts.  We expect all solvent used in the extraction process to be recycled.


 

American Sands Energy Corp. Announces Water-Free "Environmental Solution" to Oil Sands Mining in Utah

 
8:30 AM ET 6/4/13 | PR Newswire

American Sands Energy Corp. (OTCBB: AMSE, "AMSE" or the "Company"), an oil sands exploration and development company operating in Utah, said today it has developed an "environmental solution" with its proprietary oil sands extraction technology.

"Continued testing of our extraction process at our pilot facility confirms that our technology is scalable and environmentally friendly, recovering over 99 percent of our proprietary extraction solvent without the use of any water," said William Gibbs, CEO of the Company. "This is a first in our industry. Our solution results in no tailing ponds or associated environmental hazards as compared to traditional oil sands extraction methodologies. We have also completed initial engineering and mining feasibility studies and, based on those studies, estimate our targeted production cost at $49 per barrel or less, which is very compelling. We are continuing work to further define these costs."

The Company explained that it has now successfully run oil sands through its pilot facility from a number of different locations, including its site at Sunnyside, Utah, in addition to oil sands from deposits at Asphalt Ridge, Utah, and Africa, in each case producing clean, dry sand and bitumen, a heavy oil. "These results confirm that our process not only works well on the oil sands from our large resource deposit at Sunnyside, but also on other 'oil wet' deposits from other locations. This significantly expands the potential for us to deploy our technology on similar oil sands deposits both in the United States and other locations around the world," Gibbs said.

Justin R. Swift, a Company director and former U.S. Department of Energy official noted, "American Sands is to be commended for developing this new technology. This clean technology is good for the state and its economy and will help the United States become energy independent, while not harming the environment." Swift is the founder and principal of Swift Global Results, a private consulting firm in the clean energy field. From 2005 through 2009 he served as Deputy Assistant Secretary for International Affairs in the Office of Fossil Fuel, U.S. Department of Energy.

American Sands also announced that it is in the process of completing the environmental studies and other requirements to file for its large mine permit for 1,800 acres of private land. Robin Gereluk, Chief Operating Officer, commented, "We have completed most of the environmental work and mine planning and anticipate filing for the permit within the next 90 days."

About American Sands Energy Corp.

American Sands Energy Corporation is a development stage Delaware company with primary operations in Utah. The Company has acquired rights to oil sand ore covering approximately 1,800 acres of prime oil sand deposits in the Sunnyside area of Utah. The Company has an extraction and recovery system using a licensed proprietary solvent that separates oil and other hydrocarbons from sand, dirt and other substances without creating tailing ponds and other environmental hazards. For more information, visit www.americansandsenergy.com.

Forward Looking Statements

This release contains forward-looking statements regarding AMSE's future plans and expected performance based on assumptions the Company believes to be reasonable. A number of risks and uncertainties could cause actual results to differ materially from these statements, including, without limitation, the success rate of business development efforts, exploration efforts and the timeliness of development activities, the ability to place the project into full production; the ability to secure all necessary mining permits in a timely manner, fluctuations in energy prices, confirmation of estimated resources, and other risk factors described from time to time in the Company's reports filed with the SEC. In addition, the Company operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond the Company's control. American Sands Energy Corp. undertakes no obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT: Phil Allen 303.898.0625

SOURCE American Sands Energy Corporation 



 
American Sands Energy Corp. Retains Merriman Capital as Its Capital Markets Advisor

SALT LAKE CITY, July 11, Jul 11, 2013 (GLOBE NEWSWIRE via COMTEX) -- American Sands Energy Corp. (OTCBB:AMSE) ("AMSE" or the "Company"), an oil sands exploration and development company operating in Utah, announced today it has retained a leading boutique investment bank as its capital markets advisor.

"We are pleased that Merriman Capital, Inc. will be acting as our dedicated capital markets advisor," said William Gibbs, CEO of the Company. "We know the firm well, and management and key shareholders know the personal commitment its CEO Jon Merriman and his entire team make to their clients. As our pace of business development is accelerating, we will benefit from Merriman's track record of advising emerging growth public companies from development stage to operations. This engagement is one element in our expanded corporate finance strategy that will include enhanced corporate and shareholder communications and additions to our leadership team focused on accessing public and private capital to implement our business plan."

In particular, Merriman Capital will review the Company's current financing arrangements, analyze the Company's operating projections and market conditions, and provide the Company management with recommendations regarding the proper positioning of the Company with potential investors and methods of addressing the Company's financing needs.

About American Sands Energy Corp.

American Sands Energy Corporation is a development stage Delaware company with primary operations in Utah. The Company has acquired rights to oil sand ore covering approximately 1,800 acres of prime oil sand deposits in the Sunnyside area of Utah. The Company has an extraction and recovery system using a licensed proprietary solvent that separates oil and other hydrocarbons from sand, dirt and other substances without creating tailing ponds and other environmental hazards. For more information, visit www.americansandsenergy.com.

Forward Looking Statements

This release contains forward-looking statements regarding AMSE's future plans and expected performance based on assumptions the Company believes to be reasonable. A number of risks and uncertainties could cause actual results to differ materially from these statements, including, without limitation, the success rate of business development efforts, exploration efforts and the timeliness of development activities, the ability to place the project into full production; the ability to secure all necessary mining permits in a timely manner, fluctuations in energy prices, confirmation of estimated resources, and other risk factors described from time to time in the Company's reports filed with the SEC. In addition, the Company operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond the Company's control. American Sands Energy Corp. undertakes no obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise.

 

 

            CONTACT: Phil Allen 303.898.0625       

American Sands Energy Corp. Converts $2.8 Million in Related Party Debt Into Equity

 

SALT LAKE CITY, Aug. 22, 2013 (GLOBE NEWSWIRE) -- American Sands Energy Corp. (AMSE) ("AMSE" or the "Company"), an oil sands exploration and development company operating in Utah, announced today that certain shareholders and related parties, including the Company's Chairman and CEO, have notified the Company they are commencing actions to convert or exchange into equity approximately $2.8 million in Related Party Debt as disclosed on the Company's most recent financial statements filed in the Report on Form 10Q filed August 19, 2013.

The terms and conditions were not announced but will include conversion and/or exchange of certain notes representing substantially all the related party debt into equity. The net number of shares to be issued in conjunction with these actions will be consistent with the Company's previous disclosures regarding fully-diluted shares outstanding based on the convertibility features of the Notes.

Daniel Carlson, the Company's Chief Financial Officer, said, "These actions by management and certain related parties are important elements to our overall corporate finance strategy to focus our cash and financial resources now and in the future on accelerating development of our oil sands project in Utah. They also demonstrate a belief in the Company's business plan, future prospects, and long-term shareholder value."

About American Sands Energy Corp.

American Sands Energy Corporation is a development stage Delaware company with primary operations in Utah. The Company has acquired rights to oil sand ore covering approximately 1,800 acres of prime oil sand deposits in the Sunnyside area of Utah. The Company has an extraction and recovery system using a licensed proprietary solvent that separates oil and other hydrocarbons from sand, dirt and other substances without creating tailing ponds and other environmental hazards. For more information, visit www.americansandsenergy.com.

Forward-Looking Statements

This release contains forward-looking statements regarding AMSE's future plans and expected performance based on assumptions the Company believes to be reasonable. A number of risks and uncertainties could cause actual results to differ materially from these statements, including, without limitation, the success rate of business development efforts, exploration efforts and the timeliness of development activities, the ability to place the project into full production; the ability to secure all necessary mining permits in a timely manner, fluctuations in energy prices, confirmation of estimated resources, and other risk factors described from time to time in the Company's reports filed with the SEC. In addition, the Company operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond the Company's control. American Sands Energy Corp. undertakes no obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise.



American Sands Energy Corp. to Present in Denver at EnerCom's "The Oil & Gas Conference 13"

10:00 AM ET 7/17/13 | GlobeNewswire
American Sands Energy Corp. (OTCBB:AMSE) ("AMSE" or the "Company"), an oil sands exploration and development company operating in Utah, announced today that it will participate at EnerCom's The Oil & Gas Conference 13, which will be held Aug. 11-15 in Denver, Colorado. The Company will present August 15 at 8 am (MST). "We have the industry's only water-free solution to oil sands mining, and we look forward to telling our unique story at the conference," said William Gibbs, Chairman and CEO of the Company, noting the event hosts one of the largest gatherings of oil and gas executives and investors in the world (see link). http://enercominc.com/the-oil-and-gas-conference/ About American Sands Energy Corp. American Sands Energy Corporation is a development stage Delaware company with primary operations in Utah. The Company has acquired rights to oil sand ore covering approximately 1,800 acres of prime oil sand deposits in the Sunnyside area of Utah. The Company has an extraction and recovery system using a licensed proprietary solvent that separates oil and other hydrocarbons from sand, dirt and other substances without creating tailing ponds and other environmental hazards. For more information, visit www.americansandsenergy.com.
 

 

AMSE Security Details
Share Structure
Market Value1 $15,944,893 a/o Jun 10, 2013
Shares Outstanding 28,990,715 a/o Feb 07, 2013
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