Legend Lake
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The Legend Lake region consists of Oil Sands Leases covering 8,704 contiguous gross and net hectares and is located within the Athabasca oil sands region in township 96 and range 18 west of the fourth meridian, approximately 115 km from Fort McMurray and 15 km from West Ells.
On the basis of our Management’s assumptions, we anticipate that Legend Lake will have a 44 year productive life, achieving up to 50,000 bbl/d of bitumen for 23 years. A 10,000 bbl/day commercial SAGD application to construct the first phase at Legend Lake was submitted on November 25, 2011.
The Legend Lake area will also be developed in phases to control costs, implement improvements in recovery technologies and capture efficiency.
Legend Lake Timeline
| Estimated First Stream Completion |
Expected Bitumen Production (bbl/d) |
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 |
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| Legend Lake A Phase 1 |
2016 | 10,000 |
| Legend Lake A Phase 2 |
2019 | 20,000 |
| Legend Lake B | 2022 | 20,000 |
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| Total: 50,000 | ||