RE:Sorting out Saskatchewan's heavy oil producersFrom Covid low C$1.50ish to all time high C$13.85
Should have included IPCO in this list. Had mistakenly assumed Onion Lk was Alberta side.
Share buy back at near these heights. Lundin family holds 27% but not participating in share dutch aution.
Lots of goods stuff from their 2022 Capital Markets Day pres 2022-02-08 :
Onion Lake Thermal
- record prod achieved 2021
- new sustaining Pad D and 5 infills successfully onstream
- > 4 MMboe reservces addition
- 2P NPV8 =
- 2022 outlookk
- early works and drilling for Pad L
- +2 infill wells
- + heat exchangeer to capture waste heat
Blackrod Asset
- 2C resources to 1.3 Billion bbls
- >US$150mm invested prior to IPCO acquisition
- 3 successfull well pairs (pilot had 1,400m well pair length)
- CPF designed to 20,000 bbl/d oil capacity
- expansion in mind
- Reg approvals for 80k bopd SAGD commercial operations
- 2022 FEED is underway for Phase 1