The Canadian Oil Sands are quickly emerging as the largest
and most significant unconventional hydrocarbon resource in the world today. McDaniel & Associates has been evaluating Oil Sands resources and production since the start of the very first SAGD pilot in Canada.

With our experience in evaluating the majority of the in-situ projects presently under development, McDaniel has been at the forefront in the development of in-situ and SAGD evaluation methodology practices. Basing our evaluations on a thorough characterization of the bitumen reservoir and integration of our understanding of the technical theory of in-situ exploitation, our Oil Sands evaluations set the standard for this emerging, world-class resource.

McDaniel also has been involved in the evaluation or audit of several oil sands mining projects in Alberta.

Some of the SAGD projects McDaniel & Associates has evaluated include:

• Foster Creek
• Christina Lake
• Long Lake
• Tucker Lake
• Pikes Peak
• Bolney Celtic
• Senlac
• Orion
• Whitesands
• Kai Kos Dehseh
• Project BlackGold

We incorporate into our evaluations of Oil Sands a thorough characterization of the bitumen volumes and an understanding of the depositional environment. We believe that an accurate evaluation of Oil Sands resources and reserves incorporates an understanding of the geology of the reservoir in together with technical theory and practical experience of extraction methods. Consideration of all of these parameters in combination is the key.

The overwhelming percentage of Oil Sands resources recognized today are presently undeveloped. Accurate evaluation of those resources is reliant upon experience and history with the few SAGD projects that are in commercial production. Those proven analogies provide the basis for our undeveloped resource assessments for projects proposed or presently under development.