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Leading Scientists to Advise Shale Oil Research Effort
American Shale Oil, LLC (AMSO), a federal oil shale research,
development and demonstration lease holder, today announced the
formation of its Technical Advisory Board composed of seven
distinguished scientific researchers. The Board will advise AMSO on
technical challenges associated with producing shale oil. AMSO is a
joint venture of IDT Corporation (NYSE: IDT, IDT.C) and Total (NYSE:
TOT).
The Board is chaired by Dr. Larry W. Lake. Dr. Lake is a professor at,
and the former Chairman of, the Petroleum and Geosystems Engineering
department at the Cockrell School of Engineering, University of Texas at
Austin.
Other members of AMSO’s Technical Advisory Board announced today
are:
-
Professor Cedric Briens: Department of Chemical Engineering at the
University of Western Ontario; -
Professor Alan R. Carroll: Department of Geology and Geophysics at the
University of Wisconsin at Madison; -
Dr. S. Julio Friedmann: Carbon Management Program Leader, Lawrence
Livermore National Laboratory; -
Dr. Paul Hommert, Ph.D.: Executive Vice President and Deputy
Laboratories Director for the Nuclear Weapons Program, Sandia National
Laboratories; -
Professor James R. Rice, Ph.D.: Mallinckrodt Professor of Engineering
Sciences and Geophysics, Department of Earth and Planetary Sciences
and School of Engineering and Applied Sciences, Harvard University; -
Professor M. Nafi Toksoz, Ph.D.: Professor of Geophysics at the
Department of Earth, Atmospheric and Planetary Sciences, Massachusetts
Institute of Technology (MIT).
“Each member of AMSO’s Technical Advisory Board is a leader in his
chosen field, and we are delighted by their participation in this
effort,” said Claude Pupkin, President of AMSO. “The Board will consult
with and counsel our in-house technical team as we tackle the crucial
environmental and technical challenges of oil shale development
including the development of carbon sequestration and groundwater
conservation technologies.”
“Oil shale is one of the world’s greatest untapped energy resources,”
said Howard Jonas, Chairman of AMSO and IDT Corporation. “We are able to
bring some of the brightest minds in the country to work on this effort
because they understand both the strategic importance of the resource as
well as the necessity to develop oil shale utilizing environmentally
appropriate technologies.”
About AMSO
American Shale Oil, LLC (AMSO), (www.amso.net)
is a 50/50 joint venture of IDT Corporation (NYSE: IDT, IDT.C) and Total
(NYSE: TOT). AMSO holds one of the five U.S. Bureau of Land Management
oil shale research, development and demonstration leases on
government-owned lands in the Piceance Basin in northwest Colorado.
AMSO’s mission is to develop its proprietary technology into a
commercially viable and environmentally sound method of producing
commercial quantities of shale oil by using in-situ extraction processes.
About Total
Total is one of the world’s major oil and gas groups, with activities in
more than 130 countries. Its 96,000 employees put their expertise to
work in every part of the industry – exploration and production of oil
and natural gas, refining and marketing, gas & power and trading. Total
is working to keep the world supplied with energy, both today and
tomorrow. The Group is also a leading player in chemicals.
Total’s Research and Development Department constantly seeks to innovate
in all processes that are linked to energy. Research is focused on four
areas: knowledge of energies to optimize their development, reliability
and energy efficiency of operations, product competitiveness and
mastering environmental challenges. In 2008, Total invested one billion
dollars in Research and Development, and employed more than 4,000
researchers working in 22 research centres worldwide. Total has also
created over 600 partnerships with research organizations, universities
and large industrial groups
About IDT Corporation:
IDT
Corporation (www.idt.net)
is a multinational holding company focused on the telecommunications and
energy industries. IDT Corporation’s Class B Common Stock and Common
Stock trade on the New York Stock Exchange under the ticker symbols IDT
and IDT.C, respectively.
In this press release, all statements that are not purely about
historical facts, including, but not limited to, those with the words
“believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,”
“target” and similar expressions, are forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995.All
forward-looking statements and risk factors included in this document
are made as of the date hereof, based on information available to IDT as
of the date thereof, and IDT assumes no obligation to update any
forward-looking statements or risk factors.
IDT Corporation
Media Relations
Gil Nielsen, 610-704-6622
or
Investor
Relations
Bill Ulrey, 973-438-3838
