Strategy

We balance risk and return.

Bringing the lower risk Taiga Project on stream will provide the company with cash flow and a sustained strong balance sheet to move the Saleski Grosmont carbonate projects ahead. With Taiga on a clear path to commercial production and cash flow, and a prime position in the Grosmont play, Osum is in an enviable position among its peers.

We have the team to back up our assets.
Osum is now comprised of over 50 oil sands professionals with hands on experience in all aspects of major thermal projects, from modeling reservoirs to building and operating steam facilities, and doing it all with care for people and the environment. Our people are highly skilled, passionate and motivated to unlock value.

We are disciplined.
We’ve focused our resources only on quality reservoirs that are laterally contiguous and close to infrastructure. These are the opportunities that are most likely to be realized and create superior value growth.

Cold Lake is the most mature area of the oil sands with ready infrastructure and services. The area has a stable population that provides a robust ecosystem of entrepreneurs and skilled workers to support development activities. With a premium quality bitumen and closest physical proximity to markets, the Cold Lake region offers the best netback pricing in the oil sands.

Osum’s Grosmont holdings provide us with an early entry position in a play with significant potential. Our holdings are focused in quality lands at the southern end of the trend, closest to infrastructure and markets.

By staying true to this approach, we’ve acquired very desirable assets that we are able to move forward rapidly.

Pictured above: Bitumen oozing out of Grosmont C core from Osum’s winter drilling program on our 100% Saleski leases.