Corporate Profile

Since its founding in late 2005, privately-held Laricina has advanced two grassroots oil sands exploration plays through the technical evaluation phases to the cusp of commercial-scale development. Our Company is focused on creating value through developing a diverse portfolio of oil sands assets that lever technology, in-house expertise and the opportunities offered by pursuing less known, less mature projects. Laricina has established five project development areas.

Laricina is focused exclusively on the development of in situ (underground) bitumen deposits in sand and carbonate formations. Laricina offers strength in the oil sands with its experienced engineering, geological and research teams who have direct experience in a combined 48 commercial oil sands projects already operating or under construction. This is an uncommon base of technical expertise not readily available among junior oil sands operators.

Larix laricina is the Latin name for a species of larch tree known as the tamarack, which is common to Western Canada and tends to grow in adverse climate zones such as the northern boreal forest and the high mountains. The tamarack is a pioneer tree that becomes dominant in its surroundings. Laricina is seeking to emulate the tamarack by identifying opportunities that others have ignored and achieving success where others have been unable to progress.

From inception through early 2010, Laricina had:

• Raised approximately $705 million in equity in a series of issuances;
• Assembled five core development areas on leases totalling 73,590 net hectares (181,767 net acres);
• Confirmed 4.6 billion barrels of net recoverable bitumen as a best case by GLJ Peroleum Consultants Ltd., with over 11 billion barrels in estimated exploitable net bitumen-in-place;
• Estimated potential future production of more than 350,000 barrels of net bitumen per day from core development areas;
• Moved its Saleski project towards the development of a solvent-based steam-assisted gravity drainage (SAGD) pilot; and
• Moved its Germain project towards the commercial development stage

Please click here to read our Corporate Fact Sheet.

Laricina Live

Learn more about Laricina’s oil sands innovations, including initiatives in the carbonate formation, use of core imaging tools, and solvent-assisted process development.

Photo Gallery

See what's going on at Laricina's SAGD operations and who's making it happen. Click to view our Photo Gallery.

Operations

Laricina's land base encompasses the Grosmont, Grand Rapids, Winterburn and McMurray formations and include five development areas – Germain, Saleski, Burnt Lakes, Poplar Creek and Conn Creek.
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Technology & Innovation

Laricina is able to advance new and innovative in situ recovery technologies through a combination of lab-based research, advanced simulation modelling and in-field testing.
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© 2009 Laricina Energy