Corporate Profile
Laricina is a privately held, Calgary-based company focused on capturing opportunities in the oil sands areas of Western Canada. Laricina offers strength in the oil sands with its experienced engineering and geological teams who have direct experience in 43 commercial oil sands projects already operating or under construction. As a result, Laricina is in a strong position to understand the opportunities in the oil sands using proprietary techniques for screening and ranking formations and improving recovery through innovative reservoir optimization and exploitation strategies.
- Founded in November 2005 and assembled experienced Board of Directors
- Raised approximately $370 million since inception including the recent $176.7 million financing in December 2007
- Own 73,590 total net operated hectares within a high quality land base that is exploitable near term and also close to infrastructure
- Established four development areas comprising Germain, Saleski, Poplar Creek and Conn Creek
- Positioned in emerging carbonate plays with significant resource potential
- Confirmed 3.2 billion barrels of net recoverable bitumen as a best case by GLJ Petroleum Consultants with over 11 billion barrels estimated exploitable net bitumen-in-place
- Additional management estimate potential resource of 2 to 4 billion barrels of net exploitable bitumen-in-place from Burnt Lakes area
- Gross potential production of more than 300,000 barrels of bitumen per day from core development areas
- Advancing technology and innovative recovery processes through combination of research studies, new initiatives, simulation and tailored reservoir schemes
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