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Gold/Mining/Energy : Birch Mountain Resources BMD-ASE
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To: Chuca Marsh who wrote (179)8/10/1999 8:22:00 AM
From: Chuca Marsh  Read Replies (1) of 402
 
BANG 4 THE BUCKS- INFO SHARRING PARTNER TO BMD NEWS:!!! ! RE:

Shell Canada Ltd -
NP says Shell Canada teams up with others in Alberta
Shell Canada Ltd SHC
Shares issued 289,178,840 1999-08-09 close $31.2
Tuesday Aug 10 1999
The National Post reports in its Tuesday edition that a team of Canadians, Americans
and Australians on the verge of getting laid off from Broken Hill Proprietary Co. Ltd. of
Australia have become partners in Shell Canada Ltd.'s $3.8-billion oil sands project in
northern Alberta. Shell Canada has been looking for new oil sands partners since
Melbourne-based BHP pulled out of the project earlier this year. Shell Canada said
Western Oil Sands Inc., a company formed by 25 employees assigned by BHP to the
venture, and Chevron Canada Resources Ltd., a unit of San Francisco-based Chevron
Corp., will each acquire a 20-per-cent interest if the project gets final corporate
approval later this year. Shell retains 60 per cent. Shell's investment is among more than
$20-billion in oil sands and heavy oil projects proposed by several oil companies for
northern Alberta. Provided Shell gives its final approval, Western Oil Sands will go
public in the fourth quarter as a pure oil sands play. It will attempt to raise between
$300-million and $350-million. The money will be used to pay for its share of
development costs.

(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

Chucka- TIME - and MONEY and this Geology. Go NEW BLUE RIBBON! Go abutters!
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