Oil, Gas and Consumable Fuels
Company Overview of Andora Energy Corporation
Andora Energy Corporation engages in the development and production of heavy oil resources from the prolific oil sands deposit in the Peace River District in the province of Alberta, Canada. The company was incorporated in 2004 and is based in Calgary, Canada. As of September 25, 2006, Andora Energy Corporation operates as a subsidiary of Pan Orient Energy Corp.
1505 505 3rd Street SW
Calgary, AB T2P 3E6
Founded in 2004
Key Executives for Andora Energy Corporation
Chairman and Chief Executive Officer
President, Chief Operating Officer and Director
Co-Founder and Vice Chairman
Co-Founder, Vice President and Corporate Secretary
Compensation as of Fiscal Year 2014.
Andora Energy Corporation Key Developments
Pan Orient Energy Corp. and Andora Energy Corporation Provide Update on the Sawn Lake, Canada, Steam Assisted Gravity Drainage Demonstration Project
Sep 17 14
Pan Orient Energy Corp. provided an update on the Sawn Lake, Canada, steam assisted gravity drainage (SAGD) demonstration project on behalf of Andora Energy Corporation. Andora has a 50% working interest in the Sawn Lake, Alberta SAGD demonstration project, and is the operator. The first step towards determining the commercial viability of the SAGD recovery process at Sawn Lake is for the demonstration project to provide an indication of the productivity of the reservoir and the amount of steam injection required to produce the bitumen, which are key components in assessing the potential for SAGD development at Sawn Lake. For Phase 1 of the SAGD demonstration project, one SAGD well pair was drilled in the fourth quarter of 2013 to a depth of 650 meters and has a horizontal length of 780 meters. Construction of the facility for steam generation, water handling and oil treating was completed in the second quarter of 2014. Steam injection commenced May 21, 2014 to warm up the reservoir and establish communication between the SAGD steam injection well and the SAGD producing well which are five meters apart. During the past 10 days the SAGD producing well has been recompleted for production with the installation of an electric submersible pump and a fibre optic data gathering string and the reservoir has been reheated through the resumption of steam injection by the SAGD injector well. On September 16, 2014 bitumen production commenced. It is anticipated that a stable daily bitumen production rate and associated steam oil ratio will be achieved within the next six to eight weeks, at which time Pan Orient will provide an update to shareholders.
Pan Orient Provides Update on Heavy Oil Demonstration Project at Sawn Lake, Alberta by Andora Energy Corporation
Aug 21 13
Pan Orient Energy Corp., on behalf of Andora Energy Corporation provided an update on Andora's Steam Assisted Gravity Drainage oil sands project at Sawn Lake in the Peace River oil sands area of Alberta, Canada. The SAGD project at Sawn Lake is in the pre-production stage. Andora holds working interests in 88 continuous sections of undeveloped heavy oil sands leases. Andora is the operator with a 100% interest in the 16 section South Block, operator with a 50% interest in the 12 section Central Block (and holds an additional 3% gross overriding royalty on a non-owned 40% working interest), operator with a 10% interest in 9 sections in the North Block, and holds 10% in 51 non-operated sections of the North Block. Sawn Lake is in an area with established infrastructure and year-round access. The demonstration project at 7- 30 -91-12W5M will start with a 2013 phase consisting of one SAGD well pair, a facility for steam generation, water handling and oil treating, and water source and disposal facilities with an estimated cost of $24.1 million. The wells will be drilled to a depth of approximately 650 meters and have a horizontal length of 750 meters. Work is proceeding on site preparation, purchase of components for the facility, pipeline installation and preparation for drilling. It is expected that the horizontal well pair will be drilling in the second half of September and steam operations commencing in early December 2013. Oil production is anticipated in the first quarter of 2014.
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