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MCW Energy Group (MCW.V or MCWEF) has seen their share price TRIPLE over the past two months, before pulling back in recent days to a 152% gain.

The company owns a patented, environmentally-safe, continuous flow closed-loop technology, which extracts oil from a wide range of oil and other hydrocarbon sediments types. MCW Energy is expanding production capacities of its now operational oil sands project in Asphalt Ridge, Utah. They are seeking worldwide joint ventures and licensing agreements with private and governmental resource entities within countries possessing extensive oil sands/shale deposits.

The company's philosophy is that the environment and the oil sands industry can work together harmoniously ….without any of the resulting destruction seen in so many of the world's major oil sands projects.  This extraction technology is the result of almost five years of research by MCW's research and engineering teams, headed up by the Company's Chief Technology Officer, Dr. Vladimir Podlipskiy, well known for his work with benign solvents.  Over this period of time, MCW gradually enhanced and improved the efficiencies of its technology at each stage of fabrication with better dryer/mixer components and a higher consistency of oil sands flow.  This extraction technology is versatile….it can be effectively applied to both “water-wet” deposits (such as the oil sands projects in Alberta, Canada) or the “oil-wet” deposits such as the resources typically found in Utah.

The CEO is a former Exxon president of Arabian Gulf operations, Dr. R Gerald Bailey. He believes in the technology and the company's ability to not only turn a profit, but protect the environment while doing so.

It is really simple,” Dr. Bailey told Oilprice.com. “In the same way that soap washes grease from plates, with the grease adhering to the soap and pulling it off, so new technology in the form of an innovative solvent can pull the oil out of oil sands.” Oil sands are typically black and dirty looking. However, once washed with the solvent, the sand comes out 99.9 percent clean before it is returned to the Earth, according to Dr. Bailey. “If we throw it back on the Earth, it is no longer contaminated with oil and you can grow plants on it.”