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:
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