GOS COMPLETES PRELIMINARY COMBUSTIBILITY STUDY WITH VALMET CORPORATION (FINLAND)

Global Oil Shale is pleased to announce that it has completed a preliminary Combustibility Study with Valmet Corporation, Finland, as part of its feasibility study for the Tarfaya oil shale development and use of CFB type thermal processes for the production of steam, electricity and residue ash from the oil shale feedstock.
VALMET is the leading global developer and supplier of technologies, automation and services for the energy as well as pulp and paper industries based in Finland.
The oil shale testing produced positive results and commercial piloting is to be completed 2017 as part of the launch timetable for commercial production in Tarfaya for 2020-2021.

For further information contact:

Petri Karjalainen – Executive Chairman
Tel: +44 7811 200 885 e-Mail: pk@cemosgroup.com

Anton Eiguine – Investor Relations
Tel: +44 7768 491 863 e-Mail: ase@cemosgroup.com