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DeMerchant
Thursday, June 28, 2007, 8:57:21am Report to Moderator

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Petro-Canada, Teck, UTS proceed on $14B oilsands project

VANCOUVER (CP) - Petro-Canada (TSXCS), Teck Cominco Ltd. (TSX:TCK.B) and UTS Energy Corp. (TSX:UTS) have conceptualized the design for the Fort Hills oilsands project, with the first phase budgeted at $14.1 billion.

http://money.canoe.ca/News/Sectors/Mining/2007/06/28/4297354-cp.html


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caseysays
Thursday, June 28, 2007, 1:30:25pm Report to Moderator
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I don't understand the purpose of this announcement since they say they would not make a decision to go ahead with the project for at least another year! I follow Petro-Canada closely since I retired after a career with them. However, I worked in the refinery divisions so don't know a lot about the upstream oil and gas side.
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