Overview
Osum Oil Sands Corp. is an Alberta-based junior oil sands company with a major resource base.
To date, Osum has raised approximately $375 million in capital.
With a management estimate of 2 billion barrels of recoverable resources, Osum’s assets are expected to support 4 commercial projects with total production of 135,000 - 195,000 barrels per day.
Osum’s leases hold 11 billion barrels of oil in place (independently evaluated).
Commercial Production Anticipated at Cold Lake by 2013
- Osum is the only junior oil sands company in the established Cold Lake Area
- With no need to pilot, Cold Lake is the fast track to commercial production and cash flow
- Osum’s operations team has over 100 years experience working on existing projects at Cold Lake
Saleski Carbonates - An Emerging Giant Play
- Osum is the 3rd largest holder of bitumen resources in the Carbonates next to Shell and Husky
- A cold solvent pilot (with a joint venture partner) is now complete, and a thermal pilot has been submitted for approval.
Osum’s mission is to provide secure, safe energy to the world through innovative and responsible business practice.