Surmont Energy Ltd. is a private Canadian In-Situ oil sands exploration and development company focused on optimal economic recovery of bitumen and heavy oil in Northern Alberta. The company is currently active in the Athabasca oil sands region of northeast Alberta where rights to over 19 square miles (50 square kilometres) of oil sands lands have been secured.
Following Surmont Energy’s successful 2012 3D seismic and corehole drilling program, GLJ Petroleum Consultants identified in a November 30, 2012 report on Surmont Energy’s reserves and resources prepared in accordance with National Instrument 51-101, the following resource and reserve estimates:
- Best Estimate Bitumen Reserves and Resources (Recoverable) 151 Million Barrels
- High Estimate Bitumen Reserves and Resources (Recoverable) 272 Million Barrels
The company’s portfolio of oil provides stable, environmentally responsible production and a platform for future growth. Surmont Energy plans to deploy existing SAGD technology in the near term on its properties; and over the longer term on a number of other producing prospects. New and further evolved technologies are also being assessed for implementation.
Our commitment to technology and innovation continues to be at the core of our strategy. We believe our technologies and technical expertise will be telling factors in the growth of our business. The consideration we give to social and environmental factors benefits our business.
Surmont Energy’s primary goal is to build value per share by:
- exploring for proven and undiscovered oil reserves;
- continue 2D and 3D seismic programs;
- continued delineation drilling;
- focus on in-situ development;
- prepare and submit thorough project applications;
- move towards commercial production;
- optimizing production operations to control costs.
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Nearly 30 years of experience on corporate development, founding and financing companies in the public and private and Canadian and International areas.
Mark R. Smith
Over 25 years of experience in the energy business as an executive, director, early investor, and lawyer.
Executive Chairman, Director and/or officer of public and private companies in the oil and gas Canadian and international E&P, Canadian oil and gas services, and IT sectors, including Scimitar Hydrocarbons Corp., Infiniti Resources, Stone Mountain Resources, Destiny Resource Services Corp.
Former partner with Burnet, Duckworth & Palmer LLP and with Osler, Hoskin & Harcourt LLP with an energy-focused practice both domestically & internationally, regularly leading corporate and asset acquisitions and divestitures valued in the hundreds of millions to over a billion dollars.
BComm (1982) U of Alberta; LLB U of Alberta (1986), Member of Law Society of Alberta; Member of Association of International Petroleum Negotiators.
Gordon D. Holden
39 years in Canadian and international planning, M&A, evaluation, exploration, development, and operations projects, and more than 20 years in private and public company executive leadership roles.
Former President, CEO & CFO, publicly traded Infiniti Resources International Ltd., responsible for capital market, field, and administrative operations. Infiniti explored throughout Alberta. Company sold to well-funded acquiror.
Former Director, Projects, publicly traded Scimitar Hydrocarbons Corporation,responsible for international negotiations and E&P projects. Scimitar was merged into Rally Energy Corp., which was sold for about $900 million, its main asset being Scimitar’s Egyptian heavy oil project.
Former Chief Engineer, Home Oil Company Limited, responsible for up to $120 million annually in Canadian oil and gas facilities and pipelines.
B.Sc.(Engineering) 1977 , U of Calgary; M.Sc. w/Distinction in international management, and elected Sloan Fellow, 1994, London Business School, UK; member, Society of Petroleum Engineers.
Bounty Developments (Largest Shareholder):
Paul Clark, LLB
Manager of Land and Business Development
Jon Clark, MS Geology
Terry Buchanan, P.Eng
Petrophysics, Geoscience & Reservoir
Kelly Adams, P.Eng
RPS Energy Canada
Oilsands Geophysical Specialists
Gordon Stabb, P.Geol
Oilsands Geological Specialist ( Durango Resources)
Dr. Greg Hu, PhD Geol
Oilsands Core Specialist (Loring Tarcore Labs)
Excelsior Engineering Ltd
Oilsands Surface Facilities Specialists
Surmont Energy Advisors:
Independent Reserves Evaluators
GLJ Petroleum Consultants
Royal Bank of Canada