December 31, 2006 A key objective was to complete Phase 1 of the 10,000 bbls/d Orion SAGD project.
December 31, 2006 The Company’s net bitumen reserves from in situ recovery projects increased from 28 million barrels in 2005 to 91 million barrels in 2006 due mainly to the addition of 68 million barrels from the acquisition of BlackRock. The majority of these additions are attributed to the Seal and Orion asset areas which contributed 28 million and 34 million barrels, respectively, to the year-end position.
May 8, 2006 The company announced the expansion of phase II of the Orion SAGD project, which would take production to 30,000 barrels of oil per day.
