The story
It was founded in 2005 by President and CEO Glen C. Schmidt. The company takes its name from the Latin root for the tamarack, a hardy species of tall and skinny trees that thrive on the northern fringe of tree growth in North America. Mr. Schmidt said the tamarack is known for being the first tree to arrive in an area.
Since its inception, the company has raised approximately $1.2 billion (Canadian) in equity financing and has accumulated 61,703 net hectares. A key investor is the Canada Pension Plan Investment Board (CPPIB), which invested $250 million in exchange for 17.1 per cent ownership and the right to nominate someone for election to Laricina's board of directors, as long as CPPIB maintains a 10-per-cent holding.
The company has established four main development areas in Germain, Saleski, Poplar and Conn Creek within the Athabasca oil sands region, with more than 10.2 billion barrels (1.62×109 m3) of estimated exploitable net bitumen. According to GLJ Petroleum Consultants in Calgary, Laricina is one of the four emerging oil sands producers with more than five billion barrels of recoverable oil resources. Laricina Energy was acquired by CNRL in September 2018 in a deal worth $46.3 million.
From Wikipedia’s article on Laricina Energy, shared under CC BY-SA 4.0.3