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Show 1 r - ' ' ' " ' f '. " ' ' - i -' y ' .I303waoqs 7v V . " ' 7r7 iv. ;-.. , o i. 5I : t ij -! ' ' V- 1 M I ?" hi r-rr .. H M V 1 r f - n J it' r ' M j.': I ' RIBBON CUTTING for the opening of the Top End Beauty Supply House on West Highway 40 was held this week. Vernal Chamber Dinah-Mites, in white shirts, Paraho Inc. announces international contracts 1 A license to use the Paraho technology in the commercial development develop-ment of Isreali oil shale was recently signed with Energy Resources Development Ltd., headquartered in Tel-Aviv. In addition, a contract was signed implementing a testing program pro-gram on Israeli oil shale at the new Paraho Research and Development Center near Rifle, Colorado. Paraho will test oil shale from Isreal's Ef'e deposit in the Paraho pilot plant to confirm the feasibility of the Paraho process for Israeli oil shale " and to determine the basis for a com-s: com-s: mercial design. Israel's oil share reserves are over ten billion tons. Paraho, a Denver-based company, is an oil shale technology and development develop-ment firm which has demonstrated its ;- patented technology on both domestic and foreign oil shales. The Paraho-Davy McKee Shale Oil Systems Joint Venture has also signed sign-ed a contract for testing Australian - shale at Paraho's Research and Development Center. The Condor Oil 5 Shale Project, headquartered in 1 Sydney, Australia, has commission-; commission-; ed Paraho to test 300 metric tons of that country's shale for the purpose of confirming that Australian shale can ;: be successfully converted to oil using the Paraho process and to provide a r. design basis for a feasibility study bas- conducted the ceremony. Alice Cook owner (right) and Bly Boren, manager (left) assisted Hal Duke, Dinah-Mite president presi-dent (with scissors). ed on the Condor oil shale deposit. The four-month testing program has been activated at the center and will conclude in November. As a potential follow-on to the testing program, the Paraho-Davy McKee Shale Oil Systems Joint Venture also has submitted sub-mitted a proposal to Condor to provide engineering and cost estimate information infor-mation for the feasibility study of the commercial facility in Australia using the Paraho retorting technology. Davy-McKee has participated and assisted in the development and design of the Paraho retorting process since 1973. Larry A. Lukens, President and Chief Executive Officer for Paraho, said, "These contracts are important steps in the application of the Paraho Real Estate Seminar Danny Long, local CPA, and Dennis Day of Fleet Mortgage will be guest speakers at a "Night on Real Estate" Aug. 11 at 7:30 p.m. in the Ashton Energy Center. Highlights of the presentation will be answering questions: "Is now the time to invest in a new home? What price home can you qualify for? With all the new financing programs available, which will best suit you?'.' The public is invited to attend. technology to the development of international inter-national oil shales. These international contracts, coupled with our new Paraho Research and Development Center, enable us to continue with our leadership in the comercial development develop-ment of oil shale worldwide." Paraho is in active negotiation stages with the U.S. Synthetic Fuels Corporation for an award of loan and price guarantee assistance for the proposed pro-posed Paraho-Ute commercial facility facili-ty to be located on the company's oil shale land holdings in Uintah County. |