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Our strategy for growth

Laricina is pursuing in situ or drillable oil sands.

Laricina’s overarching corporate objective is to actively develop and manage a diverse portfolio of oil sands assets in Western Canada. We have targeted oil sands opportunities outside of the Athabasca mining area and are focusing on in situ plays that meet our requirements for scale, reservoir quality and proximity to infrastructure.

The strength of our experienced technical team has enabled Laricina to advance innovative development techniques and to begin capitalizing on the huge untapped potential of our in situ resources. As of early 2010, two of Laricina’s projects had advanced towards field development: Germain and Saleski. Please click here to read about our operating strategy.

The key principles of Laricina’s corporate strategy are:

• Maintain a highly skilled technical team that can continue making and exploiting technological advancements;
• Develop exploration projects internally, and focus on understanding the reservoir;
• Extend reservoir knowledge and technological enhancements to less understood or less mature assets, including carbonate reservoirs;
• Firmly establish reservoir delineation of project areas and confirm commercially viable oil sands projects;
• Move expeditiously toward developing pilot-scale projects;
• Remain attractive in the capital markets by demonstrating technical success and maintaining financial discipline; and
• Establish commercial operations.