Overview

Boss Energy Limited is an Australian-based minerals exploration company with a high quality oil shale project located in Northern Tasmania.

The Latrobe oil project has a JORC indicated resource of 42 million tonnes of Tasmanite oil shale of which approximately 6 million tonnes is at less than 20 metres from surface and amenable to open cut mining methods.

An additional JORC compliant inferred resource of 30 million tonnes of Tasmanite oil shale is estimated.

Tasmanite oil shale is unique to Tasmania and has advantages over other Australian oil shales in that it can be used as a source of bitumen as well as oil.

The company has an aggressive exploration program in place to increase the size, and upgrade the JORC category of the resource.

"In 2007, prices for crude oil have risen to levels that may make oil shale-based oil production commercially viable, major energy corporations and governments worldwide are pursuing the development of oil shale as an alternative to conventional oil."