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Oilsands emerger

Oilsands emerger

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Published by Ted Renner

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Published by: Ted Renner on Jan 26, 2011
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09/21/2012

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Oil Sands Table of Formations

Grand Rapids (Clastics):The Grand Rapids formation may
not reach the thicknesses of the McMurray, but is generally
found in a more homogeneous depositional environment with
typical pay thicknesses of 10-25 metres. Laricina is
targeting the Grand Rapids formation at its Germain project.

McMurray:The McMurray is the formation most often
targeted for development. The formation can reach
thicknesses of 60 metres, but typically thins to the west and
to the south. When found at depth, the McMurray formation
is typically developed with SAGD due to its suitable thickness
which is often >20 metres. The McMurray is mined north of
Ft. McMurray. The McMurray is a water wet
clastic/sandstone formation. The formation often shows
variability with several different depositional characteristics
such as stacked channel sands.

Clearwater (Shale):In the Athabasca Region, the
Clearwater formation typically acts as the containment
zone, or cap rock to the underlying Wabiskaw or McMurray
zones. The Clearwater can reach thicknesses of 85 metres
and thins out to five to six metres in the Cold Lake Region.
The Clearwater Shale is not found south of Edmonton. In the
Cold Lake Region, the Clearwater can be produced but
because of its thickness is often developed with CSS. Osum is
targeting the Clearwater formation at its Taiga project and
plans to use SAGD.

Wabiskaw:The Wabiskaw is a thin sandstone formation,
often containing bitumen. The Wabiskaw is often, but not
always, found with the lower McMurray. Sunshine Oilsands is
targeting the Wabiskaw formation at its West Ells lease.

Grosmont (Carbonates):The Grosmont is a bitument bearing
carbonate reservoir, making for unique recovery challenges.
The reservoir is typically deep and thick, found at depths of
325 metres with an average thickness of 120 metres. The
Grosmont is subdivided into the Lower A, B, C and D zones.
The C and D zones have the best reservoir characteristics
and highest bitumen content. The reservoir is characterized
by having high vertical permiability and high porosity.
Laricina is targeting the Grosmont carbonate reservoir with
a pilot test this winter.

Leduc (Carbonates):In our context, the Leduc is a bitumen
bearing carbonate reservoir. The reservoir can have a
thickness of 100-150 metres. The Leduc bitumen carbonate
reef structure is almost entirely under the control of
Athabasca Oil Sands, which is just beginning to evaluate the
play. Athabasca is planning to drill two test wells this winter
to test the reservoir's response to steam and conductive
heat with a SAGD and TAGD pilot wells.

Source: Company Documents, ERCB and RBC Capital Markets

December 9, 2010

The Oil Sands Manifesto

Mark Friesen, CFA 197

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