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Laricina Energy Ltd. (“Laricina” or the “Company”) would like to welcome Mr. David Safari, P. Eng., to the Company’s management team as Vice President, Facilities. Mr. Safari has an extensive background in engineering and project management and brings more than 30 years experience to Laricina. Prior to joining the Company, he was Senior Director for Statoil Canada, managing a major oil sands project in Alberta. Mr. Safari’s experience includes Project Director at Petro-Canada-Suncor Energy Inc. from 2007 to 2010 where he worked on the MacKay River expansion project. Mr. Safari has a B.Eng in Chemical Engineering from the Sharif University of Technology in Tehran, Iran. He is also a member of the Professional Engineers of Alberta and Saskatchewan.
As Laricina gets nearer to completing Germain’s Commercial Demonstration Project (CDP) and advancing Phase 1 at Saleski, developing and adding to the management team becomes essential in the evolution of the Company. Laricina looks forward to Mr. Safari’s contributions as the Company continues to grow.
About Laricina Energy Ltd.
Laricina is a non-public, Calgary based, responsible energy company that will contribute supply to the growing demand for crude oil through in situ oil sands development.
Laricina’s goal is to create value by developing Canada’s oil sands using innovative in situ technologies. The Company has a diverse portfolio of oil sands assets at varied stages of development, and experienced people with the requisite technical expertise. Laricina has identified five core areas with commercial production potential in excess of 600,000 gross barrels of bitumen per day from a large concentrated resource base with 387 million barrels of probable reserves and 4.6 billion barrels of contingent plus prospective resources (best estimate) as determined by Laricina’s independent reservoir engineers. These assets include oil sands resources in the familiar McMurray Formation, and the developing Grand Rapids, and Grosmont and Winterburn carbonate plays, all of which offer significant production potential.
For further information please visit, www.laricinaenergy.com or contact:
Heidi Christensen Brown
Senior Analyst, Investor Relations
Laricina Energy Ltd.
East Tower, 5th Ave Place
800, 425 1st Street SW
Calgary, AB. T2P 3L8