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Oilsands Quest’s Land Holdings
(As at January 23, 2008)
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Saskatchewan
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Alberta
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Totals
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Oil Sands
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Hectares
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Acres
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Hectares
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Acres
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Hectares
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Acres
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 |
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Exploration Permits*
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205,613
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508,080
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45,568
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112,598
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251,181
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620,678
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Exploration Licences*
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44,483
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109,920
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-
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-
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44,483
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109,920
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Total Contiguous Lands
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295,664
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730,598
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Lease (Eagles Nest)
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-
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-
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9,216
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22,773
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9,216
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22,773
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Total Oil Sands
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250,096
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618,000
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54,784
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135,371
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304,880
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753,371
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Oil Shale
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Exploration Permits
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198,187
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489,730
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-
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-
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198,187
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489,730
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Total Land Holdings
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448,283
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1,107,730
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54,784
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135,371
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503,067
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1,243,101
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* The oil sands exploration permits and exploration licences in Saskatchewan and Alberta are
contiguous.
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Realizing the Potential of Canada's Oil Sands Resources
North America’s energy needs are increasingly being met by Canada’s oil sands. In 2005, production from the oil sands averaged one million barrels/day; this is expected to more than double by 2010, increase to three million barrels/day by 2015 and grow to four million barrels/day by 2020. Within 15 years, the oil sands are expected to provide 80% of Canada's oil production.
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Breaking New Ground in Saskatchewan
Exploration for commercially viable oil sands deposits has traditionally focused on Alberta. However, the oil sands do not recognize provincial borders, as Oilsands Quest is proving with highly successful exploration results in northwestern Saskatchewan. We have initiated pre-commercialization studies for our Axe Lake Discovery, which we believe is a world-class bitumen resource.
In addition to oil sands exploration permits in Saskatchewan, we hold exploration permits in eastern Alberta, directly west of our Saskatchewan lands, and a development lease further north and west of Fort McMurray, Alberta.
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A Clear Plan to Accelerate Success
Oilsands Quest is focused on creating long-term shareholder value from our significant land holdings. Our business plan is simple and effective:
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Explore for and quantify commercial deposits of oil sands to identify individual projects.
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Delineate project resources, increasing their value to maximum levels.
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Work with selected partners to commercialize each project, while maintaining a significant minority interest.
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Oilsands Quest's Strategically Located Oil Sands Land Holdings
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