TROOST Technology Inc. - Strategic Alternatives Process

CALGARY, May 9 /CNW/ - TROOST Technology Inc. ("TROOST" or the "Company") has retained Rundle Energy Partners ("Rundle") to act as their exclusive marketer and transaction advisor in its consideration of strategic alternatives. The Company has discovered and developed a proprietary process/technology/algorithm (the "Technology") which has the ability to predict blended corrosivity and to process high sulfur and high TAN crude oils in carbon steel and low alloy refining equipment without the need for extensive high alloy stainless steel upgrades.

The Company is a private, closely held materials technology business, founded in 2006 to commercialize discoveries and new technologies developed in crude oil processing that continues to the present. The Company's principals are world class scientists and professional engineers in crude oil analysis and crude oil refining.

The Company's Technology combined with the ability to predict blended corrosivity can provide increased profitability and commerciality of certain crudes that are currently heavily discounted compared to world sweet crude markets. The discovery has been validated by a blind study with research using high resolution FT-ICR mass spectral based analytical testing and proprietary data reduction methods of crude oil samples from around the world. Specifically, this opportunity should appeal to parties with the following aspirations and characteristics:

    
    -   Integrated Oil Companies - potential to improve competitive advantage
        of integrated refining and marketing systems with upstream portfolios
        that are increasingly weighted to high TAN crudes.
    -   Refining Technology Suppliers/Licensors - ability to add a high
        demand Technology/capability to their portfolios while leveraging
        their existing marketing networks.
    -   Upstream E&P Companies - ability to access stranded high TAN reserves
        that are currently shut in.
    -   Downstream Refiners - ability to backfill declining conventional
        supply with opportunity crudes and attract higher margins.
    

The Company is prepared to consider a number of strategic alternatives to maximize value to its shareholders. Also note that the principals of the Company are willing to participate in the ongoing commercialization of the opportunity by providing transition support or consulting services. Consideration will be given to proposals for completing a merger or other strategic business combination, or the sale of the Company and related intellectual property.

A detailed Information Memorandum has been prepared and is available upon request.

Contacts

Bevin Wirzba
Managing Director
bwirzba@rundleenergy.com
(403) 298-9736

Dave Munro
Managing Director
dmunro@rundleenergy.com
(403) 298-9735