Oh Canada - Significant Developments in Canadian Energy - December 2011


In This Issue:

- Oil Sands News

- East Coast News

- West Coast News

- Canadian Arctic News

- Alternative Energy News

- On the Horizon

- Abbreviations

- Contact Us

Excerpt from Oil Sands News:

Athabasca Oil Sands Corporation ("AOSC") received regulatory approval from both the Energy Resources Conservation Board (ERCB) and Alberta Environment & Water for phase one of its MacKay River steam-assisted gravity drainage (SAGD) oil sands project. SNC-Lavalin has been awarded the engineering and procurement services contract for the 35,000 bpd of bitumen facility, construction of which is slated to begin in the third quarter of 2012, with first production expected in 2014. Following the exercise by AOSC of its option to divest its entire 40% interest, the project is now 100% owned by Cretaceous Oilsands Holdings Limited, a subsidiary of PetroChina.

Please see full newsletter below for more information.




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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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