PETROLAMA NAMUR OIL SANDS EXPLORATION

This company, established in 2013 in Calgary, controls a significant share of the conventional oil deposit in the Athabasca oil sands in Alberta where an extensive geological exploration program is performed with the possibility of a commercial stage (field exploitation) start-up from 2015 - 2017. Preliminarily verified recoverable reserves have exceeded 200 million barrels of crude oil, which can be compared to approx. 340 % of annual crude oil consumption in the Czech Republic and more than fifteen times the recoverable crude oil reserves in the Czech Republic in 2011.