Welcome to the Connacher Oil and Gas Hub on AGORACOM

Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Cameron

Cameron

posted on Nov 20, 2008 05:47AM

Thanks Cameron, I was just going to post this article and see you've already found it.

Here's the link.

Unfortunately it doesn't look like there is any aide to Oil Sands projects.

"As a result, Alberta is introducing a "transitional" royalty rate companies can elect to pay on oil and gas wells drilled after Jan. 1 at a depth between 1,000 and 3,500 metres."

and

"The province says the deal is not a royalty holiday. All companies will still have to shift to the new royalty framework by Jan. 1, 2014, while no changes have been made to royalty rates in the oil sands. "


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