Information Releases
Jul 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.
Where Energy
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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.Visit Saleski Virtual Tour
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