Should be more news soon.Not sure what Alberta has to gain from dragging the process out, but we know AOS has increasing interest $$ coming, however it is calculated at whichever rate is reasonable. It wont be 1% ...lets agree on that.
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 subregion. 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.