Poplar Creek and Conn Creek are located within the central area of the Athabasca oil sands region, near Fort McMurray. Poplar Creek, where Laricina holds a 50 percent working interest, covers an area of 2,336 gross hectares while Conn Creek, where Laricina holds 100 percent working interest, covers an area of 9,728 gross hectares. The main reservoir target for these projects is the Lower McMurray Formation, which generally consists of clean porous sands. Poplar Creek and Conn Creek are expected to be developed using existing SAGD technology.
Burnt Lakes is a carbonate play and lies approximately 160 kilometres northwest of Wabasca, Alberta. It is the most recent addition to Laricina’s project portfolio. The initial lands at Burnt Lakes were acquired in late 2007, with the project lands now covering a total of 10,829 hectares at 100 percent working interest. The Burnt Lakes project builds on the geological and technical knowledge of the Grosmont carbonate complex gained at our Saleski play. Located within the Grosmont trend, Burnt Lakes has a similarly attractive Grosmont D unit with reservoir properties including: karsting at the subcrop, downdip of the erosional edge and updip of bottom water. Laricina believes Burnt Lakes could develop into a project similar in quality to Saleski.
In addition, Laricina holds oil sands acreage in other exploratory areas.