Our operations are concentrated in three core heavy oil areas in western Canada. These properties are currently producing about 10,000 barrels per day. When fully developed, they have the potential to produce in excess of 100,000 barrels per day.
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. The Blackrod property has the potential for an 80,000 barrels per day SAGD development.
Onion Lake is a conventional heavy oil property located in the Lloydminster area in Saskatchewan. About 50% of our current heavy oil production comes from the Onion Lake area. The property also has the potential for a 12,000 barrels per day SAGD development on a portion of the lands.
Mooney is a conventional heavy oil property located in northern Alberta. The field was initially developed using primary production techniques. In 2011, we initiated an alkali surfactant polymer flood (ASP flood) to enhance production and significantly increase overall oil recovery. When future ASP Flood phases are developed, the property has the potential to produce 7,000 to 10,000 barrels of oil equivalent per day.
+ As per Sproule reserves evaluation as at December 31, 2012.
* Best estimate recoverable resource as per contingent resources study prepared by Sproule Unconventional Limited dated December 31, 2012
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