1993 Winner: Outstanding Commercial Achievement in Alberta Science and Technology (>25M)
Converting Resources Into Revenue
Resource exploitation using horizontal production techniques is a significant strength of CS Resources Limited, a Calgary-based company with operations concentrated in western Canada’s sedimentary basin. The introduction of innovative technologies has seen oil production grown and exceeds 8,000 barrels per day. This oil would not have been produced using conventional techniques.
Gross sales soared upwards of $30 million at the end of 1992. In 1987, CS Resources began operation as a private company. Since going public in 1989, they have issued common shares three times, with prices progressively increasing. CS Resources has enhanced the energy future by showing how to turn resources into revenues.