Reserves increased......just posted taken from stockwatch..............
Alberta Oilsands increases Clearwater West resources
2009-07-27 12:59 ET - News Release
Mr. Shabir Premji reports
CLEARWATER PROJECT: ALBERTA OILSANDS INC. ANNOUNCES INCREASE IN ASSIGNED CONTINGENT RESOURCES AT ITS CLEARWATER WEST FORT MCMURRAY PROPERTY
Ryder Scott Company Canada Petroleum Consultants has completed a resource assessment update report on the total contingent resources on Alberta Oilsands Inc.'s Fort McMurray Clearwater West property. The report, effective June 1, 2009, estimates that AOS's Clearwater West property contains a total of 182.5 million barrels of best estimate contingent bitumen resources. With this update, Ryder Scott has assigned additional contingent resources to the Fort McMurray Clearwater West property of 30.9 million barrels of bitumen, an increase of 20.4 per cent.
TOTAL CONTINGENT RESOURCES ASSIGNMENT HISTORY ESTIMATE AT THE FORT MCMURRAY CLEARWATER PROPERTY West East North Total Contingent resources -- June 1, 2008 151.6 131.6 36.8 320.0Additional assignment -- June 1, 2009 30.9 - - 30.9 ------ ------ ------ ------Total best estimate contingentresources -- June, 2009 182.5 131.6 36.8 350