Osum is a private energy company focused on the successful, safe and environmentally-responsible thermal development of high-quality assets in Cold Lake with significant long-term upside potential in the Saleski region of Alberta, Canada.
While numbers only tell part of the story, at Osum we proudly point to the fact that over a three year period we nearly tripled production at the Orion Project to approximately 20,000 barrels per day and at the same time reduced our greenhouse gas emissions intensity by more than 20% and increased our produced water recycle rate to almost 90%.
With a clear path to 25,000 barrels per day at Orion and regulatory approval for 35,000 barrels per day at our nearby Taiga Project, we have production potential of 60,000 barrels per day in the Cold Lake region. These numbers, coupled with good liquidity, strong cash flow and declining debt tell the story of a company in the enviable position of having both a proven track record and a bright future.
We attribute this success to our smart, dedicated team that values collaboration and challenges itself to achieve more every day. Through this commitment, we are able to maintain a high standard of safety, operational and environmental performance and be positively involved in the communities where we live and work.
President and Chief Operating Officer
Dr. Jen Russel-Houston, P. Geol.
Vice President, Geoscience and Land
Chief Financial Officer
Adam Waterous, Chairman
Chief Executive Officer and Managing Partner, Waterous Energy Fund
Chief Financial Officer, Waterous Energy Fund
Managing Director, Waterous Energy Fund
President and Chief Operating Officer, Osum
President and Chief Executive Officer, Strathcona Resources