Information Releases

Laricina Energy Ltd. (Laricina) is pleased to announce the submission of a regulatory application on November 14, 2011 with Alberta Environment and Water (AENV) and the Energy Resources Conservation Board (ERCB) for a 150,000 barrel-per-day expansion at its Germain Project.

Laricina Energy Ltd. (Laricina) is pleased to congratulate Dave Theriault Senior VP In Situ and Exploration on his achievement of being awarded Life Membership for Achievement by the Canadian Heavy Oil Association (CHOA) at the 2011 Business Conference, held in Calgary on November 10, 2011.

Laricina continued to advance its initiatives during the third quarter of 2011. The Company moved its Saleski and Germain projects along their respective paths, continued work on regulatory applications and advanced the engineering, procurement and fabrication for both projects, completed another equity financing, and added people to its head office and field team.

Laricina Energy Ltd. (Laricina) is pleased to announce and congratulate President and CEO Glen Schmidt on his achievement of being awarded the 2011 Ernst & Young Entrepreneur of the Year Award Prairies Regions – Energy Development and Production at the Entrepreneur of the Year Gala held in Calgary on October 18, 2011.

Laricina is pleased to be a member of the 2011 Calgary Corporate Challenge (CCC). The CCC is a volunteer-driven, Olympic-style event for Calgary’s business community. Each September, employees, managers, and volunteers throughout the city participate...

Laricina Energy Ltd. (“Laricina” or the “Company”) is pleased to announce that it has successfully completed the final closing under its previously announced best-efforts equity private placement financing.

Laricina President and CEO Glen Schmidt will present at Peters & Co. 2011 North American Oil and Gas Conference on September 14, 2011 in Toronto, ON.

Laricina continued to drive ahead in the second quarter, making material progress in each of its key 2011 objectives of securing additional capital, establishing the performance of the Saleski pilot, advancing the Germain project and continuing corporate engagement with the community and the investment sector.

Laricina Energy was selected as one of six innovative energy projects by the Alberta Government to receive funding under the Innovative Energy Technologies Program in support of its Saleski Grosmont Formation steam-assisted gravity drainage pilot.

Laricina Energy Ltd. (“Laricina” or the “Company”) is pleased to announce that it has successfully completed its previously announced best-efforts equity private placement financing.

Laricina Energy Ltd. (Laricina or the Company) hosted a VIP tour of its Saleski pilot (Saleski Pilot) on June 22, 2011, in celebration of first production.

Laricina President and CEO Glen Schmidt will present at the Technology, Innovation and Responsible Growth in Canada CAPP Oil and Gas Investment Symposium on June 14, 2011 in Calgary, AB. A copy of the presentation will be posted to Laricina’s website under Corporate Presentations following the event. To listen to the live webcast please click here.

Laricina Energy Ltd. (“Laricina” or “the Company”) is pleased to announce that it has entered into a financing agreement, on a best-efforts basis, with a syndicate of agents co-led by Peters & Co. Limited and BMO Capital Markets in respect of an equity private placement of a minimum of $250 million and up to $400 million of common shares at a price of $40 to $45 per common share (the “Brokered Offering”).

Laricina continued to make great progress on advancing the Company on all fronts during the first quarter of 2011. Most importantly we began transitioning from steaming to production testing at the Saleski pilot and recorded first production. At Germain we advanced site preparation, development drilling and detailed engineering for Phase 1. We completed an active winter drilling and geophysical program at Saleski, Germain and Burnt Lakes on time and on budget. We continued to attract the high-quality people needed to advance our growth plans. We also maintained our focus on technology innovation, including completing the initial testing on our electromagnetic heating process and we received our first patent approval.

Read more on this

Laricina President and CEO Glen Schmidt will present at the Raymond James Canadian Energy Conference on May 16-17, 2011 in New York. A copy of the presentation will be posted to Laricina’s website under Corporate Presentations immediately following the event. To listen to the live webcast, please click on the following link: http://wsw.com/webcast/rj66/laricina/

Laricina will host its Annual General Meeting of shareholders on May 26, 2011 at 10 a.m. in the Metropolitan Conference Centre in Calgary.

In the May 2011 issue of Oilweek, Derek Keller, Vice President Production was recognized as an inductee to the 2011 Class of Rising Stars.

Laricina presented two papers at the World Heavy Oil Congress 2011, held in Edmonton, Alberta March 14-17. To learn more about the conference, an international forum for the heavy oil community, click here.

Laricina Energy Ltd. is furthering its support to the University of Calgary’s Schulich School of Engineering with a contribution...

Laricina President and CEO Glen Schmidt presents at the TD Newcrest London Energy Conference 2011 on Jan 17, 2011. To view the presentation material click here.

Laricina Energy Ltd. (Laricina or the Company) announces it has commenced the injection of steam into the Grosmont carbonate formation at its Saleski pilot project.

Laricina’s 2009 Annual Report was recognized in the emerging oil and gas companies’ category at the 35th Oilweek/ATB Financial Annual Report Awards.

Leading Canadian authorities in the private, public and academic sectors are gathering today in Calgary to explore productivity, sustainability and competitiveness in Canada's resource industries. This is the first such gathering focused exclusively on showcasing exceptional resource innovation

Laricina is pleased to announce it has received Order in Council approval from the Alberta Government for its Germain 5,000-barrel-per-day Commercial Demonstration solvent-cyclic steam-assisted gravity drainage (SC-SAGD) project.

Laricina Energy Completes $15,661,485 Flow-Through Financing Laricina Energy Ltd. (Laricina or the Company) is pleased to announce that it has completed its previously announced best-efforts private placement financing with a syndicate co-led by Peters & Co. Limited and RBC Capital Markets.

Laricina Energy Ltd. (Laricina or the Company) is pleased to announce that yesterday it entered into a financing agreement, on a best-efforts basis, with a syndicate co-led by Peters & Co. Limited and RBC Capital Markets. Laricina will issue up to 430,000 common shares on a flow-through...

Laricina President and CEO Glen Schmidt will present at the Peters & Co. 2010 North American Oil & Gas Conference in Toronto on September 15, 2010. A copy of the presentation will be posted to Laricina’s website immediately following the event. To listen to the live webcast...

Laricina is pleased to present two papers at the 2010 Heavy Oil Development International Seminar held in Panjin City, China September 14-17, 2010. To learn more...

Laricina will be presenting at the AAPG 2010 International Conference & Exhibition (ICE) in Calgary September 12-17 2010. For more information about this conference, run jointly by the American Association of Petroleum Geologists (AAPG) and the...

Laricina Energy Ltd. (Laricina or the Company) is pleased to announce that it has completed today a private placement to a wholly-owned subsidiary of Korea Investment Corporation (KIC) of 1,666,000 common shares at Cdn. $30.00 per common share for gross proceeds of...

Laricina announces that a special meeting of the holders of common shares of Laricina will be held at the offices of Osler, Hoskin & Harcourt LP, Suite 2500, 450 1 St. SW, Calgary, AB. on Thursday, September 9, 2010 at 10:00 a.m.

Laricina Energy Ltd. (Laricina or the Company) is pleased to announce that it has completed a private placement to Canada Pension Plan Investment Board (CPPIB) of 8,333,333 common shares at Cdn. $30.00 per common share for gross proceeds of Cdn. $250 million.

A new in situ oil sands extraction process – the ESEIEH (Enhanced Solvent Extraction Incorporating Electromagnetic Heating) project – has been accepted for funding in the amount of $16.5 million by the Climate Change and Emissions Management Corporation (CCEMC).

The Schulich School of Engineering at the University of Calgary have selected their 2009 recipients of the Laricina Energy Scholarships in Mechanical, Chemical or Oil and Gas Engineering. Four outstanding undergraduate students...

Laricina highlights its core development projects, Germain and Saleski, at the annual conference of the European Association of Geoscientists and Engineers (EAGE) held June 14 to 17, 2010 in Barcelona, Spain.

Laricina Energy Ltd. wishes to congratulate board member Mr. S. Barry Jackson who was inaugurated at the 2010 ICD Fellowship Awards Gala held in Calgary on June 2, 2010 with the Institute of Corporate Directors Fellow designation.

Laricina President and CEO Glen Schmidt will present at the CAPP Oil and Gas Investment Symposium on June 15 in Calgary. 

Laricina President and CEO Glen Schmidt gave the keynote address at the SHARP Consortium Workshop held at the University of Calgary on June 4, 2010.

Laricina hosted its Annual General Meeting of shareholders on May 18, 2010 at the Metropolitan Conference Centre in Calgary. Click here to view the presentation made to shareholders by Glen Schmidt, Laricina President & CEO.

Kent Barrett, Laricina’s Senior Carbonate Geologist, presented at the Canadian Society of Petroleum Geologists (CSPG) annual convention held in Calgary May 10-14, 2010. The presentation, “Saleski: The First SAGD Project in the Carbonates”...

Laricina is pleased to announce it has received Energy Resources Conservation Board (ERCB) approval for its Saleskicarbonate pilot solvent amendment.

Laricina President and CEO Glen Schmidt will present at the Raymond James Heavy Oil Conference on May 3, 2010 in New York City.

At the CAPP Annual General Meeting on April 14, 2010 Dave Theriault, Senior Vice President In Situ and Exploration, was recognized for his ongoing dedication and commitment to the Lower Athabasca Regional Advisory Committee.

Laricina Energy Ltd. is pleased to acknowledge the official presentation of “The Dr. R.M. Butler Memorial Best Paper Presented at CIPC 2009 Award” to Jeff Peterson - Senior Reservoir Engineer, Darcy Riva – Team Lead, Germain, Marnie Connelly – Senior Geologist, Sandeep Solanki – Asset Manager and Neil Edmunds, Vice President Enhanced Oil Recovery, at the Society of Petroleum Engineers Calgary Section Luncheon held on January 20th, 2010.

Laricina files 5,000 barrel per day Commercial Demonstration Project amendment to its 1,800 barrel per day pilot project at Germain.

Laricina receives both ERCB and Alberta Environment regulatory approval for its 1,800 barrel per day SAGD pilot in the Grand Rapids deposit at Germain under application No. 1530968.

In July 2009, the original pilot project was approved by the Energy Resources Conservation Board and Alberta Environment. The amendment proposes to add solvents to steam in the SAGD process.

Laricina receives both Energy Resources Conservation board and Alberta Environment regulatory approval for its 1,800 barrel per day SAGD pilot in the Grosmont carbonate deposit at Saleski under application No. 1574946.

Laricina Energy Ltd. is pleased to announce that Kent Barrett, Laricina’s Sr. Carbonate Geologist and Dr. John Hopkins, of the University of Calgary, received the award for Best Core Presentation from the 2009 Canadian Society of Petroleum Geologists annual convention.

Laricina Energy Ltd. is pleased to announce that the Society of Petroleum Engineers (SPE) Canadian Section has named Jeff Peterson from Laricina Energy as Chairman for 2009-2010.

Laricina Energy was selected as one of nine innovative energy projects by the Alberta Government to receive funding under the Innovative Energy Technologies Program in support of its Saleski Grosmont Formation steam-assisted gravity drainage pilot.

Read full press release here: Province supports nine innovative energy projects

Laricina Energy Ltd. is pleased to acknowledge the official presentation of "The Dr. R.M. Butler Memorial Best Paper Presented at CIPC 2007 Award" to Jesse Novak - EIT, Mauro Cimolai – Technical Consultant and Neil Edmunds - Vice President Enhanced Oil Recovery, at the Petroleum Society’s Awards Luncheon held.

Laricina Energy Ltd. is pleased to announce that Kent Barrett, Laricina’s Sr. Carbonate Geologist and Dr. John Hopkins, of the University of Calgary, received the award for Best Core Presentation from...

Laricina Energy Ltd. is pleased to announce that the University of Calgary’s Schulich School of Engineering has conferred the title of Adjunct Associate Professor in the Department of Chemical and Petroleum Engineering upon Neil Edmunds, Vice President Enhanced Oil Recovery.

Laricina issues joint press release responding to the Report of the Alberta Royalty Review Panel and sends joint letter, together with concerned group of in situ operators, to Premier Stelmach.