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Canada - Tamarack

Tamarack is considered to contain high-quality McMurray sands, with clean and continuous average net pay of approximately 20 metres, without significant top- or bottom-water or top-gas issues. The average porosity is 34%, average bitumen saturation is 79% and permeabilities are between one and 10 Darcies, all of which are considered excellent reservoir characteristics. The high quality of the asset is expected to provide for favorable projected operating costs, including attractive steam-oil ratios (SOR) and recovery efficiencies using steam assisted gravity drainage (SAGD) development techniques.

Tamarack's reservoir characteristics are similar to those at the 30,000-barrels-per-day MacKay River project (operated by Suncor), located nearby, across the Athabasca River. MacKay River is widely recognized as one of the most successful and longest-producing SAGD projects in the Athabasca oil sands.