Exploration & Production | Quarterly / Earnings Reports
US Oil Sands Completes Financing of PR Spring Project, Focus on Bringing to Commercial Status
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US Oil Sands Inc., has announced that it has filed its unaudited interim financial statements for the three and nine month period ended September 30, 2013 along with the management's discussion and analysis of the financial results of US Oil Sands for such period.
Selected Operational and Financial Highlights Closing of $81 million private placement financing subsequent to the end of the quarter that fully funds Phase 1 of the PR Spring Project and enables the Company to pursue corporate development activities in other oil sands regions; Financing related activities including marketing, negotiation, field reviews and due diligence; Initiated opening of the PR Spring Project site through supply of road-building materials for the state-funded road building project; Extended duration pump…Finish this article — free account or subscription
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