Saleski Pilot Update

Operations at the Saleski pilot are being suspended pending future developments regarding the next stage of commercialization. The pilot achieved its primary objective, which was to demonstrate the potential for thermal bitumen production from the Grosmont formation.

Completion of activities is expected in October 2015.


The knowledge and experience gained through the pilot positions Osum to design a future stage of development that builds on activities to date to demonstrate the commercial production potential of the reservoir. This will be pursued when the market is supportive of these activities.

Osums current operational focus is on maximizing profitability from its Orion asset while we continue to assess optimal value creation strategies for Saleski. The Company continues to analyze and interpret data acquired from the JV Pilot for future application.


  • Operated since December 2010 and produced over 600,000 barrels of bitumen.
  • Included 5 producing wells.
  • A number of design modifications and experiments were applied throughout the pilot life-cycle, including the transition from SAGD to cyclic operations


  • Osum holds over 4 Billion barrels (Net) of Best Estimate Contingent Resources in the Grosmont formation (GLJ Petroleum Consultants. Saleski properties as at December 31, 2014).
  • The Alberta Energy Regulator estimates that the Grosmont holds over 406 Billion barrels of oil in place.
  • The Sepiko Kesik project, directly adjacent to the pilot, is wholly-owned by Osum and will be the first large-scale commercial project in the Grosmont Formation. In early 2013, Osum submitted an Environmental Impact Assessment (EIA) and commercial application for the Sepiko Kesik project.


Justin Robinson

Recent News

  1. Waterous Energy Fund announces the final step of its acquisition of Osum Oil Sands Corp; shareholder meeting to be held April 30, 2021 to approve the transaction

  2. Waterous Energy Fund Announces Successful Take-Over Bid for Osum Oil Sands Corp., Commencement of Mandatory 10-Day Tender Extension Period, and Voluntary Resignation of Osum Directors and Officers

  3. Osum Board Withdraws its Recommendation that Shareholders Reject the Offer from Waterous Energy Fund

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