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Last C$0.11 CAD
Change Today 0.00 / 0.00%
Volume 0.0
AOS On Other Exchanges
As of 3:59 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

alberta oilsands inc (AOS) Snapshot

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07/9/14 - C$0.17
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03/24/15 - C$0.09
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alberta oilsands inc (AOS) Details

Alberta Oilsands Inc., an exploration stage company, engages in the exploration, development, and production of resource properties in Western Canada and Africa. The company primarily explores for bitumen. It holds approximately 106 bitumen leases in the Athabasca oil sands region of northeast Alberta. The company principally holds a 100% working interest in the Clearwater project, a two-phase SAGD bitumen project that covers approximately 27.3 sections of leases; and Grand Rapids project, which comprises 18 sections of oil sands leases covering approximately 4,608 hectares in Alberta. It also holds interest in the onshore and offshore basins on the East Africa Rift System. The company was formerly known as Platform Resources Inc. and changed its name to Alberta Oilsands Inc. in June 2007. Alberta Oilsands Inc. was founded in 2003 and is headquartered in Calgary, Canada.

Founded in 2003

alberta oilsands inc (AOS) Top Compensated Officers

Interim Chief Executive Officer, Interim Pres...
Total Annual Compensation: C$120.0K
Interim Chief Financial Officer
Total Annual Compensation: C$96.0K
Compensation as of Fiscal Year 2013.

alberta oilsands inc (AOS) Key Developments

Alberta Oilsands Inc. Auditor Raises 'Going Concern' Doubt

Alberta Oilsands Inc. filed its Annual on Apr 30, 2015 for the period ending Dec 31, 2014. In this report its auditor, KPMG LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Alberta Oilsands Inc. Provides Operational Update

Alberta Oilsands Inc. announced that it has commenced its well abandonment program at its Clearwater leases in preparation for the cancellation of said leases and to make way for the subsequent payment of compensation by the Government of Alberta to AOS under the Mineral Rights Compensation Regulation (MRCR). The company has commenced abandonment operations on its four observation and water wells located at the Clearwater leases, which are scheduled to be cancelled by the Government of Alberta in support of the designated Fort McMurray Urban Development Sub-Region. Subject to suitable weather conditions, AOS expects to complete its abandonment program by the end of December. Upon completion of the abandonment program, AOS will be submitting the additional abandonment costs to the Government of Alberta for inclusion in its compensation claim. AOS will provide additional updates on the completion of the abandonment program and the progression of the settlement process with the Government of Alberta as material information becomes available from time to time.

Alberta Appointed AltaCorp Capital

Alberta Oilsands Inc. (TSXV:AOS) engaged AltaCorp Capital Inc. to provide financial advisory services and to assist in the process. Board has initiated a process to identify, examine and consider a range of strategic alternatives available to the Alberta Oilsands with a view to enhancing shareholder value.


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