Northern Premier Investments

Laricina Begins Tapping New Oilsands Formation

northernpremier — Fri, 20 May 2011 17:29:55 +0000

Grosmont may hold 400 billion barrels of oil
Oilsands production has begun in the previously untapped Grosmont carbonate formation west of Fort McMurray, a resource estimated to contain more than 400 billion barrels of heavy oil.
In a first-quarter update Friday afternoon, privately owned Laricina Energy Ltd. of Calgary said it is transitioning from steaming to production testing in two well pairs at its Saleski pilot project.
And, it added, it is producing from those wells. “The Grosmont is the ...

Trillions predicted in Alberta Energy Spending

northernpremier — Fri, 20 May 2011 17:15:02 +0000

The recession that clouded the future of oilsands development two years ago has lifted and clear skies beckon trillions of dollars of investment, according to a report.
“The projects . . . that were delayed are now back being developed again, there are more projects, some projects have moved forward in time,” CERI president and chief executive Peter Howard said in an interview.
In a first-quarter update Friday afternoon, privately owned Laricina Energy Ltd. of Calgary said it is transitioning ...

News From Northern Premier…

AERA — Mon, 16 May 2011 14:28:21 +0000

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