Richland Resources International Group Inc.
RIGG
Other OTC0.00
USD
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Richland Resources International Group Inc.
RIGG
(Other OTC)
Recent
price
0.00
P/E
ratio
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div
yld
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ROIC.AI
Capital Structure
FRC
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in mil. unless spec.- Similar Companies
- Business
- Richland Resources International Group Inc engages primarily in the development and commercialization of oil extraction technology focused on oil sands and shale deposits. The company is a joint venture partner working with Amerisands, LLC and Triple X Ventures Corp. to commercialize a Liquid Extraction System (LES) technology aimed at extracting oil from heavy bitumen, oil sands, and shale deposits. The technology also has environmental applications, including cleanup of organic spills and tailing ponds containing oil, detergent, and water residues arising from oil extraction processes. Richland Resources International Group Inc holds the Whiterocks Deposit in Utah, on the northern flank of the Uinta Basin, targeting oil recovery within the United States. Founded as a development stage company, Richland Resources International Group Inc formerly operated under the ticker NTAH before changing to RIGG. The company is headquartered in Palm Beach Gardens, Florida. Its recent strategic developments include progressing the joint venture for LES technology commercialization and focusing on the operationalization of oil extraction from its Uinta Basin deposit. This marks a significant shift into environmentally focused oil recovery technology and exploitation of domestic heavy oil resources. Richland Resources International Group Inc does not currently report significant manufacturing or sales operations beyond its technology partnership and resource development initiatives. The business segment is primarily energy extraction technology and resource development focusing on tar sands and shale oil. The company looks to leverage its partnerships for advancing commercial deployment of its technology and capitalizing on the oil deposits under its control. This positioning differentiates Richland Resources International Group Inc within the energy sector by focusing on innovative, environmentally conscious extraction technologies combined with resource development centered in the U.S. market. The company’s strategy is anchored on joint ventures and technology licensing to drive commercial growth. Richland Resources International Group Inc operates principally in the United States and remains in an early operational phase with active development projects emphasizing commercial oil extraction technologies and environmental remediation applications linked to oil sands operations.