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Information Releases

July 22, 2009

Laricina receives ERCB and Alberta Environment approvals

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.

On July 23, 2009 the Company also raised $83.8 million (gross proceeds) in a common equity private placement, of which the primary use of proceeds will be to fund the construction and development of the Saleski pilot for expected first-steam in early 2011.

View full application details.

Where Energy
Meets Innovation

Laricina is advancing in situ technology and innovation, through its forward thinking approach and practices. Our ideas begin with people whose knowledge is based on years of in situ experience, redefining and shaping several of the processes we are implementing today.

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