World-Class Oil Resource Base
Cona is a Calgary, Alberta-based Canadian crude oil production and development company focused on maximizing recovery from its low decline, high free cash flow oil resource base. Cona's operations, infrastructure and concentrated land position are focused in southwest Saskatchewan.
We have a world-class oil resource base composed of:
- Approximately 1.9 billion bbl Discovered Heavy Oil Initially-In-Place with less than 12% recovered to-date, an industry-leading low corporate decline rate of 10-12% and a long reserve life index of approximately 20 years.
- Lower viscosity oil ideally suited to EOR techniques (waterflood & polymerflood) with development economics that have high rates of return and high free cash flow.