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Gold/Mining/Energy : Oil Sands and Related Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (23537)	2/22/2009 7:00:31 PM
From: I_C_Deadpeople	Read Replies (1) \| Respond to of 25575

"I'm surprised PBG has not scooped more oil sands land" I believe JW said they had enough oil sands holdings, they wanted to focus on the various agreements - JV's, licences, etc. for THAI.

To: Rocket Red who wrote (23537)	2/22/2009 7:11:54 PM
From: daveinmarinca	1 Recommendation Read Replies (1) \| Respond to of 25575

PBG's business model is based on JV through Archon Technologies to use the process....share the revenues and resource. So far they have three deals signed....Dawson/Peace River, Sutton Creek and Kerrobert/Saskatchewan projects...summarized on the Feb presentation slides put up last week on petrobank.com They have major heavy oil holdings in Colombia and True Energy/Peru....I doubt they'll be putting any new money in Alberta Province given the Stelmach factor. And we have to get the price of crude back up before anybody moves forward. OPEC seems committed to making that happen, recession or not.