The Good Oil: News from Osum Oil Sands Corp. |
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April, 2009 |
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2008 Corporate Year in ReviewOsum's Annual Report has been mailed to shareholders, and a 2008 Corporate Year in Review is now available on line. Key achievements include the $275 million financing closed in August, a 42% increase in contingent recoverable resources and completion of required delineation and exploration work for the Taiga Project commercial application at Cold Lake. View the Corporate Year In Review. Taiga Project Profiled in Oilsands ReviewOsum's Chief Operations Officer and VP Projects, Steve Spence, was recently featured on the cover of the April edition of Oil Sands Review. Spence discussed the Taiga Project, the Company's approach to listening to our stakeholders, and the advantages of moving the business forward during a downturn. Read the story. Osum Sponsors 2009 Junior B ProvincialsAs the presenting sponsor of the Junior B. Provincials in Cold Lake this April, Osum was happy to see the potential of each team unleashed. Congratulations to the Cold Lake ICE, the City of Cold Lake, all the incredible volunteers who helped make the event a success, not to mention the tournament champions, the Lloydminster Bandits. See the photos. Announcing Our Newest Team MembersOsum's team continues to expand, with our newest members including Heather Screaton, Director of Human Resources, and Hal Middlemiss, Health and Safety Manager. David Nunez has also recently joined us in the role of GIS Technician, and Sharon Potts is on board as Engineering Projects Administrator. Join us in welcoming these accomplished and talented individuals to our team. |
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Osum Oil Sands Corp (Osum) is the only junior oil sands company pursuing a commercial in situ project in the established Cold Lake area of Alberta, and is one of the largest resource holders in the emerging Grosmont carbonate trend, next to Shell and Husky. With an independent evaluation of 2.16 billion barrels of recoverable resources, and multi-year working capital in place, Osum plans to hire numerous high caliber individuals in the next two years to help us maximize the value of these assets. Osum's mission is to provide secure, safe energy to the world through innovative and environmentally responsible business practice. For more information, visit our website at www.osumcorp.com Information about our subscribers is collected and used according to our privacy policy. |
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