Geology and Technology

Great Divide Project

• 95,000 net operated acres in main fairway
• Acquired core holdings in January 2004
• Location, Location, Location
  
  
  • Highway, infrastructure, south of Fort McMurray
• Compressed timeline
  
  
  • March 2004 - Started field evaluation and delineation
  • August 2005 - Pod One application to EUB
  • July 2006 - Pod One EUB approval
  • October 2006 – First pile driven at plant
  • September 2007 – First steam
  • October 2007 – First bitumen sales
  • December 2007 – Start conversion to full time production

 

Pod One Plant

Built on time, pre-heat circulation phase concluding, full-time production underway

 

• 15 well pairs drilled and completed
• Encountered excellent reservoir
• Less than 1m off basement
• Steaming the wells
• Conversion to production

 

Pod One Production Underway