Major Oil Sands Projects

[RG]

Good to see Board is still active

[Oscar2000]

Take a look at AMSE, American Sands Energy Corp. Per their website they have 200 million barrels of PROVEN reserves. Typically these oil sand deals are valued at $1 per barrel of proven reserves in the ground, which in this case would put the valuation around $200 million. Given that there are 28.8 million shares outstanding, that would put a vauation of approximately $6.94 per share.

This is one seriously undervalued stock. On September 7, 2012, AMSE President Andrew Rosenfeld purchased 350,000 shares of AMSE @ $1.15/share for a total of $402,500 per his filing. This is a serious purchase that needs to be noted.

This is one of the most undervalued stocks I have ever seen. Take a look at the Company's website and the filings and do your own due diligence as one should always do. This is only down here because this isnt on anyones radar yet.

Here is link to corporate video:

[RG]

SU Suncor

[MadeBucksOnThis]

whats the ticker here?

MBOT

[RG]

Suncor doing very nice and I like the .13 dividend

[RG]

Just checking in here.

[MadeBucksOnThis]

just noticed your board, (marked) but I came across this the other day, thought I'd post it here, not sure if it belongs here or not but feel free to delete it if not....

MBOT

CNOOC Limited Entered into Arrangement Agreement to Acquire Canadian Oil Sands Producer OPTI

HONG KONG, July 20, 2011 /PRNewswire-Asia/ -- CNOOC Limited (the "Company", NYSE: CEO, SEHK: 0883) announced today that CNOOC Luxembourg S.a r.l, an indirect wholly-owned subsidiary of the Company has entered into an Arrangement Agreement to acquire OPTI Canada Inc ("OPTI"). The aggregate value of the consideration of the transaction is approximately US$2.1 billion, which includes aggregate cash consideration of US$1.25 billion payable to the holders of the OPTI shares (US$34 million) and the Second Lien Noteholders (US$1.216 billion). In addition, due to a change in control of OPTI as a result of the transaction, OPTI will be required to offer to repay the holders of its outstanding First Lien Notes (US$825 million in principal amount) pursuant to the indentures governing the First Lien Notes. The transaction will be effected by way of a plan of arrangement through concurrent proceedings under the Companies' Creditors Arrangement Act (Canada) and the Canada Business Corporations Act.
(Logo: http://www.prnasia.com/xprn/sa/200701301659.jpg )
The proposed transaction must be approved by the Second Lien Noteholders at a special meeting that is expected to be held in September,2011. Noteholders representing approximately 55.2% of the principal amount of the Second Lien Notes have executed support agreements pursuant to which, among other things, they have agreed to vote in favour of the transaction.
The proposed transaction is also subject to certain terms and conditions, including, among other things, applicable government and regulatory approvals by the relevant authorities in Canada and the People's Republic of China, and Canadian court approval. The transaction is expected to be completed in the fourth quarter of 2011. Upon completion of the transaction, OPTI will become an indirect wholly-owned subsidiary of the Company, and all of the Second Lien Notes will be transferred or assigned, directly or indirectly, to a subsidiary of the Company. All existing options, warrants and other rights to purchase OPTI shares will be cancelled.
The principal asset of OPTI consists of a 35% working interest in the Long Lake and three other project areas located in the Athabasca region of northeastern Alberta. Long Lake project includes steam assisted gravity drainage ("SAGD") Operation and an Upgrader. Nexen Inc. ("Nexen"), a Canadian-based global energy company, holds the remaining 65% and is the sole operator. The Long Lake SAGD Operation is expected to have through-put rates of approximately 72,000 barrels per day of bitumen at full production. It is anticipated that the Long Lake Upgrader will ultimately produce approximately 58,500 barrels per day of products, primarily Premium Sweet Crude (PSCTM).
As disclosed in OPTI's disclosure documents filed with securities regulatory authorities in Canada, OPTI's working interest share, before royalties, of raw bitumen reserves and resources on its oil sands leases is estimated to be 195 million barrels of proved reserves, 534 million barrels of probable reserves, 1,100 million barrels of contingent resources and 335 million barrels of prospective resources. These reserves and resources are estimated to be sufficient to support approximately 430,000 barrels per day (150,000 barrels per day net to OPTI) of bitumen production.
Mr. Yang Hua, Chief Executive Officer of the Company stated, "We are pleased to expand our presence in the oil sands business after our successful investment in MEG. We believe that the upside potential of the acquired assets will benefit the shareholders of CNOOC Limited."
Mr. Li Fanrong, President of the Company said, "We look forward to working with our new partner Nexen, to optimize value from the Long Lake Project and the three other jointly owned oil sands leases."
The Company's financial advisors are BMO Capital Markets and CIBC World Markets. The Company's legal advisor is Gowling Lafleur Henderson LLP.
Notes to Editors:
More information about the Company is available at http://www.cnoocltd.com.
This press release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of1995, including statements regarding expected future events, business prospectus or financial results. The words "believe", "intend", "expect", "anticipate", "project", "estimate", "plan", "predict" and similar expressions are intended to identify such forward-looking statements. These statements are based on assumptions and analyses made by the Company in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that the Company believes reasonable under the circumstances. However, whether actual results and developments will meet the Company's expectations and predictions depends on a number of risks and uncertainties which could cause the actual results, performance and financial conditions to differ materially from the Company's expectations, including those associated with fluctuations in crude oil and natural gas prices, the exploration or development activities, the capital expenditure requirements, the business strategy, the highly competitive nature of the oil and natural gas industries, the foreign operations, environmental liabilities and compliance requirements, and economic and political conditions in the People's Republic of China. For a description of these and other risks and uncertainties, please see the documents the Company has filed from time to time with the United States Securities and Exchange Commission, including 2010 Annual Report on Form 20-F filed on April 29, 2011.
Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements. The Company cannot assure that the actual results or developments anticipated will be realized or, even if substantially realized, that they will have the expected effect on the Company, its business or operations.
For further enquiries, please contact:

Mr. Jiang Yongzhi
Joint Company Secretary and General Manager of Investor Relations Department
CNOOC Limited
Tel: [phone]
Fax: [phone]
E-mail: [e-mail]

Ms. Ding Jianchun
Manager, Media / Public Relations
CNOOC Limited
Tel: [phone]
Fax: [phone]
E-mail: [e-mail]

Mr. Cao Yan
IR Manager
CNOOC Limited
Tel: [phone]
Fax: [phone]
E-mail: [e-mail]

Ms. Ivis Tsang
Ketchum Newscan Public Relations Ltd
Tel: [phone]
Fax: [phone]
E-mail: [e-mail]


SOURCE CNOOC Limited
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RELATED LINKS
http://www.cnoocltd.com
://www.prnasia.com/xprn/sa/200701301659.jpg

[RG]

Very quiet lately

[RG]

Not much going on

[RG]

WEBSITE below that Covers this HUGE AREA and everything going on there re jobs etc.

http://oilsands.infomine.com/

[RG]

Thanks ScovilleUnits and drop by any time.

[ScovilleUnits]

Nice Board, lucyinthesky. Kudos!

[RG]

All the major Oil Companies in the world are involved there, even if you don't see their names. They own bits and pieces of various Companies and trying to own more.

[RG]

Thanks for dropping by and if you have any questions, throw them out there. I'm extremely well informed in this area of the world.

[3xBuBu]

interesting statistics, didn't know our neighbors are the largest suppliers, that represent half of US supply among top 5,
nice INFORMATIVE broad, bookmarked

Top 5 Oil Suppliers

COUNTRY	 mil Barrel/day	 percentage 
 Canada	1.975	        33% 
 Mexicao	1.229	        20% 
 Saudi	        1.119	        19% 
 Venezuela	 .884	        15% 
 Nigeria	 .806	        13% 
 TOTAL	        6.013	       100%

some Oil & Gas Operations company
BDCO ROYL DEP CHK COG EOG

[RG]

The top five sources of US crude oil imports for November were Canada (1,975 thousand barrels per day), Mexico (1,229 thousand barrels per day), Saudi Arabia (1,119 thousand barrels per day), Venezuela (884 thousand barrels per day), and Nigeria (806 thousand barrels per day). The rest of the top ten sources, in order, were Colombia (489 thousand barrels per day), Algeria (379 thousand barrels per day), Iraq (340 thousand barrels per day), Angola (263 thousand barrels per day), and Ecuador (188 thousand barrels per day). Total crude oil imports averaged 8,608 thousand barrels per day in November, which is an increase of 118 thousand barrels per day from October 2010.

Canada remained the largest exporter of total petroleum in November, exporting 2,510 thousand barrels per day to the United States, which is an increase from last month (2,345 thousand barrels per day). The second largest exporter of total petroleum was Mexico with 1,363 thousand barrels per day.

[RG]

Oil from the Ft. McMurray area is in very high demand, as a matter of fact the majority of it goes to the States. Canada is the leading supplier of Oil to the States.
Now China is getting huge interest in this Oil and spending billions to get into business in the Oilsands. There is a proposl on the go to build a pipeline to the west coast so Oil can be moved to China. Competition for that Oil is heating up.

[$toney]

Will do, have met a lot of people down here from that area, and many like to have that oil derrick art on their stones.

[RG]

Added a Map of the Area where all this action is.

[RG]

They have just recently and probaly still in a Boom and now with the economy improving that is going to get much much bigger. Do a google on Ft. McMurray.

[RG]

Thanks stoney, an area I'm extremely familiar with.

[$toney]

Good board lucy, with the way oil is these days, it's time for this, thanks! Marked!

[RG]

Welcome to this Board which has all the Major Players in the Largest Mining area in North America.