TORONTO, ONTARIO -- (Marketwired) -- 06/25/13 -- First Bauxite Corporation ("First Bauxite" or the "Company") (TSX VENTURE: FBX)(FRANKFURT: FBI)(BERLIN: FBI) is pleased to announce the positive results of conductivity testing conducted on 4 size fractions of Intermediate Strength Proppants ("Guyprop-ISP") manufactured in a laboratory, using bauxite from the Company's 100% owned Bonasika 1 deposit, in Guyana. Stim-Lab, which conducted the tests, is the oil and gas industry's foremost provider of a broad range of research and testing services for drilling, cementing, completion, and stimulation design, additive evaluation, petrology, and reservoir analysis and is recognized as a world leader in the verification of proppant properties used for hydraulic fracturing and gravel-packing operations conducted the tests.
"The progress FBX has made, from initial laboratory formulation trials to Stim-Lab testing of a high quality ISP proppant, is very encouraging. Our expert consultants have advised that this rapid progress is primarily due to the quality of the Bonasika bauxites and their suitability for proppants manufacture," stated Hilbert N Shields, President & CEO. "Progress on the proppants pre-feasibility study, coupled with recognition of the potential added value proppants brings the Company, should assist in obtaining the necessary project financing and provide further funding options as the Company pursues the overall development of the Bonasika Project."
The Ceramic Proppants Industry
Sand and sand-based materials became the most popular type of proppant due to availability and low cost. However, several studies of production rates published by the Society of Petroleum Engineers have shown that the additional strength and uniform size and shape of ceramic (manufactured primarily from kaolin and or bauxite) proppant provide higher performance (25% or more) over other types of proppant (SPE 77675). Broadly sieved and irregular shaped proppants such as sand and resin coated sand pack more tightly, resulting in loss of fracture width and reduced conductivity. The global demand for ceramic proppants is forecasted to grow at a healthy rate, both in the USA and worldwide as the hydraulic fracturing application in the Oil & Gas industry becomes better understood and more countries identify reserves and permit "fracking".
Positive Conductivity Test Laboratory Results
First Bauxite currently has lab and bench level test work underway in relation to making proppants from Bonasika 1 and Bonasika 7 bauxites and to test the products for compliance with industry requirements and specifications. Scale-up plans are in place to submit half-ton samples for manufacture in production size equipment in the facilities of industry leading manufacturers.
The results indicate that Guyprop-ISP achieved the performance specifications needed, as testing used the current API and ISO standards. As shown on the following graph, long-term conductivity for Guyprop-ISP compares very well when benchmarked against ceramic proppant industry leaders. Additionally, laboratory tests have shown ideal performance characteristics in the areas of strength, with exceptional decline rates, sphericity and roundness.
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