Patience is a virtue in all aspects of life and most certainly when you’re a burgeoning new company hoping to become a key player in Alberta’s thriving oil and gas industry.
Top brass with Osum Oilsands Corp. have been nothing but patient as they anxiously await final approval from the province’s Energy Resources Conservation Board (ERCB) to begin construction on its Taiga Cold Lake Project.
“We’re anxious and ready to go,” said Rick Walsh, Osum’s vice-president of project development. “We’re waiting for the final approval from provincial regulatory bodies … and we’re quite excited.”
Having fully delineated the leases for commercial requirements, completed comprehensive geo-statistical modelling and analysis, followed all procedures in submitting a detailed environmental impact assessment, filed official applications with provincial regulators, advanced subsurface optimization to an advanced level and completed front end engineering and design, the Taiga project is ready to proceed to the construction phase, said Walsh.