Oil Sands and Related Stocks Message Board

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Gold/Mining/Energy : Oil Sands and Related Stocks

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To: johnlw who wrote (17805)	9/22/2007 7:07:06 PM
From: Bearcatbob	Read Replies (1) of 25575

"BCB I assume you are wondering if the royalty rate increase applies to bitumen or synthetic crude. My understanding is it applies to net revenue from whatever source." If Connacher sells bitumen to some upgrader - I would assume the only royalty is charged against Connacher. If Suncor upgrades its own bitumen - what is the basis of the royalty?

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