Assets
Strategic Rationale
Renewable Energy
Oil & Gas
ESG Initiatives
Core Areas
Hover over the map to view region assets, and click to learn more.
Alberta
AB Solar
Cache Island’s renewable energy portfolio is focused on developing solar energy in Alberta. Given Alberta’s abundance of sunshine, its robust and privatized grid, and the increase in incentives provided by the Federal government, Alberta has created on of the most sought-after solar energy markets in the world. Alberta is slated to become Canada’s leader in renewable projects by 2025 and will develop 83% of Canada’s solar and wind capacity over the next 5 years. Because of this, Cache Island is capitalizing on an incredible opportunity to advance Alberta’s solar industry by leading in technology, innovation, sustainability, and economic viability.
Medicine Hat
Cache Island’s interest in the Medicine Hat Glauconitic “C” East Unit represents most of the company’s oil and gas production. The key characteristics of the pool are a large oil-in-place of heavy ~16 API oil with a flat decline and substantial drilling locations. High recovery factors are easily achievable with the assistance of a significant and proven polymer and water floods that have been employed in the pool since the late 1980s.
Saskatchewan
Viewfield Bakken
Cache Island’s core asset is southeast Saskatchewan’s Viewfield Bakken. Discovered in, 1953 the late Devonian-early Mississippian formation contains light ~40 API oil in tight 5m to 8m thick rock with low water saturation and high permeability. Cache Island began drilling multi-lateral horizontal wells to increase reservoir contact and reduce high water production risks due to fracking. Successful results expanded the play and added 500+ drilling locations. The asset provides low risk high free cashflow through low drilling and operating costs, undiscounted oil pricing and waterflood upside.
