US Oil Sands today announced that the Canadian Intellectual Property Office has approved the Company's patent application relating to its bitumen extraction process. "The approval of this patent by the Canadian Intellectual Property Office is an important final step in a process designed to solidify our Company's competitive advantage within the [...]
US Oil Sands, a company focused on oil sands exploration and production in Utah, today announced that Utah State Administrative Law Judge Sandra K. Allen issued her findings and recommended order on August 28, 2012 that supports the Company's permit-by-rule for its PR Spring Oil Sands Project.In her finding Judge Allen determined that, "Substantial [...]
US Oil Sands, a company focused on oil sands exploration and production in Utah, today announced that it has filed its unaudited interim financial statements for the six month period ended June 30 along with the management discussion and analysis of the financial results of US Oil Sands for such period.A copy of the aforementioned documents [...]
US Oil Sands, a company focused on oil sands exploration and production in Utah, announces the unaudited interim financial statements results for the three months ended March 31) along with the management discussion and analysis of the financial results of US Oil Sands for such period.
US Oil Sands today announced the closing of an $11 million brokered private placement financing led by Dundee Securities Ltd. on behalf of a syndicate of agents including FirstEnergy Capital Corp. (the "Agents"). Total funds raised represented an upsizing from the previously announced target of $9 million. Including the Agents' 15% over-allotment [...]
US Oil Sands today announced that, in connection with the previously announced $9,000,000 private placement financing, the Company and Dundee Securities Ltd., on behalf of a syndicate including FirstEnergy Capital have determined to increase the maximum size of the financing. Including the Agents' 15% over-allotment option, the Company plans to [...]
US Oil Sands announced that it participated earlier today in a Congressional hearing titled "Supporting American Jobs and the Economy Through Expanded Energy Production: Challenges and Opportunities of Unconventional Resources Technology". In his testimony before the US House of Representatives' Committee on Science, Space, and Technology [...]
US Oil Sands today announced that it has entered into an agreement with Dundee Securities Ltd., on behalf of a syndicate including FirstEnergy Capital Corp. under which the Agents have agreed to offer for sale, on a best efforts private placement basis, up to 50,000,000 units at a price of $0.18 per Unit for gross proceeds of $9,000,000. Each Unit [...]
US Oil Sands today announced the filing of its 2011 independent resource evaluation report. The Company engaged Calgary-based Sproule US Limited to complete an independent resource evaluation report dated March 13 in compliance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities. The evaluation results detail the [...]
US Oil Sands, a company focused on oil sands exploration and production in Utah, today announced 2011 year-end results. cquired an additional 24,170 acres of undeveloped leases in Utah's Uinta basin, making the Company the largest oil sands lease holder in the United States; Completed a 180 well coring program in the PR Spring, Cedar Camp and NW [...]