Welcome to
BARREL ENERGY INC

Barrel Energy has bought in new management with vast experience in project acquisition and successful exploration techniques, promotion, marketing strategies and raising capital.

Management is currently reviewing a number of projects and international trends shaping the future of Energy. Global data points to a shift away from Fossil Fuels and we are focused on finding exciting new ventures that will create a powerful portfolio of diversified energy related assets for the company.

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Company Overview

Our Company is committed to sourcing of sources of energy for today and tomorrow. We foresee an excellent return for investment into the exploration and future production of ‘Battery Metals’ such as Lithium, Cobalt and Graphite, products that in high demand for the rapidly growing EV, stationary storage and mobile device market.

Future Trends

Environmental policy data trends point to future energy development that is characterized by being efficient, sustainable and clean.

Countries that have announced major policy changes that will affect the sector are:

  • France & Britain – to end sales of gas and diesel cars by 2040, Germany to follow
  • Scottish Government – phase out gas and diesel cars by 2032
  • India – announced it would end sales of gas and diesel cars by 2030
  • Norway & Netherlands – to end sales of gas and diesel cars by 2025
  • Austria, Denmark, Ireland, Japan, Portugal, Korea and Spain have all set official targets for electric car sales.
  • China announced it will set a deadline for the end of fossil fuel powered vehicles.

Awareness ofpolicy changes and Battery technology innovations such as higher charge density and reductions in weight, charge time and cost have precipitated a pivot in the Auto Industry to Electric Vehicle (EVs).

July 2018 marked the 34th month of consecutive monthly sales gains for plug-in vehicles (source Insideevs.com) . Electric car companies, like Tesla, are already fully committed to the production of EVs, however, large Automakers have in the past year announced major shifts to fleet electrification including BMW, Volkswagen, Daimler, Volvo, Nissan, Ford and GM.

ENERGY TECHNOLOGY

At the heart of the EV revolution, is the Lithium Ion Battery the same battery that has allowed personal mobile devices such as phones, tablets and computers to become lightweight, thinner and longer lasting.

The batteries key components are the positive and negative electrodes, a separator and the electrolyte. Within a typical rechargeable Lithium-ion battery, Lithium ions move from the negative electrode to the positive electrode during discharge and back when charging.

Within the array of viable batteries used in mobile devices and Electric Vehicles there are several key materials that are of preferred use; Lithium, Cobalt and Graphite.

RAW MATERIALS

Production of the materials critical for new Battery technology are concentrated in just a handful of countries; Lithium is produced mainly from Australia, Chile, Argentina and China. In 2017 global production of Lithium was 43,000 metric tons with over 75% of production from Australia and Chile; Approximately 50% of Cobalt is produced from the Democratic Republic of Congo alone; China accounts for 65% of natural Graphite produced with India coming a distant second with approximately 12.5% of total production.

Global demand for these key materials is expected to rise dramatically over the next decade. The outlook for Lithium will outstrip production with global demand for Lithium expected to increase 650% by 2027. Canada’s Bank of Montreal has forecast that only 80,000 to 91,500 tons of lithium being produced by mines by 2025, a significant shortfall.

Most analysts see an upcoming bull market for Lithium, Cobalt and Graphite and sourcing of the raw materials for the Lithium-ion battery supply chain is a strategic focus for future market movers.

MANAGEMENT

Harpreet Sangha,  Chairman & Director

As Chairman Mr. Sangha will lead the Barrel Energy as it focuses on reviewing and acquiring exciting new projects in the energy sector. Mr. Sangha possesses a unique combination of fund raising and managerial skills, having started his career over 30 years ago as an Investment Advisor and has gained an affinity for raising capital. Mr. Sangha has served in Board positions, Chairman, and CEO for a number of public companies.

Craig Alford , President & Director

Craig holds both a Bachelor of Science (Hons) and a Master of Science in Geology. Craig has over 30 years of experience worldwide, having designed, managed and provided technical direction for projects throughout North and South America, China, Central Asia, Russia, Australia and Africa. He is a registered Professional Geoscientist (P.Geo) and is a Qualified Person, as defined in National Instrument 43-101.