Corporate Profile

Since its founding in late 2005, privately-held Laricina has advanced two grassroots oil sands exploration plays through the technical evaluation steps 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 geological, research, engineering and operating teams who have direct experience from a combined 49 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 mid 2011, Laricina had:

• Raised approximately $1.3 billion in equity in a series of issuances;
• Assembled five core development areas on leases totalling 79,124 net hectares (197,810 net acres);
• Confirmed 4.6 billion barrels of net recoverable bitumen as a best case by GLJ Petroleum Consultants Ltd., with over 11 billion barrels in estimated exploitable net bitumen-in-place;
• Advanced its Grosmont carbonate project at Saleski to the start-up of a solvent-based steam-assisted gravity drainage (SC-SAGD) pilot; and
• Moved its Germain project forward towards commercial development with the construction of the commercial demonstration project.

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Where Energy
Meets Innovation

Laricina is advancing in situ technology and innovation, through its forward thinking approach and practices. Our ideas begin with people whose knowledge is based on years of in situ experience, redefining and shaping several of the processes we are implementing today.

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Ideas in Action

Watch our latest technological developments and innovations. View our video gallery.

Photo Gallery

See what's going on at Laricina's in situ operations and who's making it happen. View our Photo Gallery.