Nevtah/Black Sands Energy`s Oil Sands Extraction Technology

Nevtah Capital Management (PINKSHEETS: NTAH) and its joint venture partner, Black Sands Energy, today announced the inclusion of their patented, closed-loop extraction process in a June 2007 Report issued by the U.S. Department of Energy and the offices of Petroleum Reserves, Naval Petroleum and Oil Shale Reserves. The Report, titled “Secure Fuels From Domestic Resources, The Continuing Evolution of America’s Oil Shale & Tar Sands Industries,” will be posted on the DOE/FE/Petroleum Reserves website and will be the subject of a Senate briefing this week. This 68 page, U.S. DOE Report may be viewed in its entirety on the Company’s website home page: www.nevtahoilsands.com.

It estimates a total resource of between 19 and 32 billion barrels of tar sands in Utah alone, which is one third of the country’s oil sands resources.

macreport