Osum

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.