Suncor Energy Inc T.SU

Oil Sands Production Numbers For May

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Suncor Energy releases oil sands production numbers for May FORT MCMURRAY, AB, Jun 15, 2004 /PRNewswire-FirstCall via COMTEX/ -- Suncor Energy Inc. announced today that production at its oil sands facility averaged about 249,000 barrels of crude oil per day (bpd) during the month of May. This production figure consists of 233,000 bpd of crude oil plus 16,000 bpd of Firebag bitumen. Suncor's year to date average is 224,500 bpd in total production, which includes 9,500 bpd of Firebag bitumen. The company's target for 2004 is to produce an average of 225,000 to 230,000 bpd, excluding Firebag production. Suncor reports monthly production numbers from its oil sands operation in order to provide stakeholders with a more timely review of operational performance. These numbers are preliminary and subject to adjustment. Suncor's second quarter report to shareholders, which will be released July 28, will confirm daily average production for the first half of 2004. This news release contains a forward-looking statement, identified by the word "goal". This statement is based on current conditions and assumptions and is not a guarantee of future events. Actual events could differ materially as a result of changes to Suncor's plans and the impact of events, risks and uncertainties. For a discussion of these factors, refer to Suncor's current annual information form, annual and quarterly reports to shareholders and other documents filed with regulatory authorities. Suncor Energy Inc. is an integrated energy company headquartered in Calgary, Alberta. Suncor's oil sands business, located near Fort McMurray, Alberta, extracts and upgrades oil sands and markets refinery feedstock and diesel fuel, while operations throughout Western Canada produce natural gas. Suncor operates a refining and marketing business in Ontario with retail distribution under the Sunoco brand. U.S.A. downstream assets include refining operations in Colorado and retail sales in the Denver area under the Phillips 66 brand. Suncor's common shares (symbol: SU) are listed on the Toronto and New York stock exchanges. Sunoco in Canada is separate and unrelated to Sunoco in the United States, which is owned by Sunoco, Inc. of Philadelphia. SOURCE Suncor Energy Inc. John Rogers, vice president, investor relations, [phone] (SU. SU) Copyright (C) 2004 PR Newswire. All rights reserved.