Cona is a Calgary, Alberta-based Canadian crude oil production and development company focused on maximizing oil recovery from its low decline, high free cash flow oil resource base.
The Corporation’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% of it recovered to-date, an industry-leading low corporate decline rate of 10-12%, and a long reserve life index of approximately 20 years.
Made up of lower viscosity oil ideally suited to EOR techniques (waterflood & polymerflood) with development economics have high rates of return and high free cash flow.