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Overview
 Our operations are concentrated in three core heavy oil areas in western Canada.
Onion Lake is a conventional heavy oil property located in the Lloydminster area in Saskatchewan. The property also has the potential for thermal development on a portion of the lands. Most of our short-term production growth will occur from conventional development activities at Onion Lake.
Blackrod is a planned SAGD development located in the Athabasca oil sands region in northern Alberta. Blackrod is the largest of our three core properties and will require several years to fully develop.
Mooney is a conventional heavy oil property located in northern Alberta. The field was initially developed using primary production techniques; however, we are initiating a polymer flood in this area to enhance production and overall oil recovery.
In 2010, we spent $95 million on our properties and in 2011 we expect to spend close to $150 million.
Core Areas |
2P
Reserves+
(mmbbls) |
Contingent
Resource*
(mmbbls) |
WI |
Operator |
Technology |
Onion Lake |
13 |
80 |
87% |
PXX |
Conventional wells
SAGD |
Mooney |
11 |
40 |
100% |
PXX |
Horizontal wells
Polymer flood |
Blackrod |
- |
619 |
100% |
PXX |
SAGD |
* Best estimate recoverable resource as per contingent resources study prepared by Sproule Unconventional Limited dated December 31, 2010
+ As per Sproule reserves evaluation as at December 31, 2010.
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