Alberta Oilsands is pleased to announce that a binding letter of intent has been signed with a private operator whose team specializes in Oilsands exploration. To earn the initial 51% interest in Algar Lake, the Operator has agreed to fully fund and drill at least three (3) holes. To earn an additional 24% interest in Algar Lake, the Operator has [...]
Alberta Oilsands further to its announcement on August 14, 2012, AOS has completed the sale of its conventional oil and natural gas assets. In exchange for the sale of the Conventional Assets, AOS received an aggregate of $100,000 and acquired three oil sands leases in the Lesimer area of Alberta, located approximately 70 miles south of Fort [...]
Alberta Oilsands, is pleased to announce that further to its press release on December 18, 2012, the Company has completed its acquisition of interests in petroleum exploration blocks 2712A and 2812A, located in the Orange Basin, offshore Namibia. AOS has acquired 100% of Maroon Hill International Limited, a BVI company which owns 85% of Leopard [...]
Alberta Oilsands, is pleased to announce that further to the press release of November 19, 2012, it has completed its transaction with a subsidiary of Pan African Oil to jointly pursue a production sharing agreement with respect to two blocks, the Kalembe Block (Block 5) and the Fatuma Block (Block 6) (together, the "DRC Blocks"), in which the [...]
Alberta Oilsands is pleased to announce that it has submitted to the Energy Resources Conservation Board (ERCB) its response to the remaining question in the third Supplemental Information Request (SIR) and an updated geo-mechanical reservoir model simulation relating to its Clearwater West SLP-SAGD project. Binh Vu, interim President of Alberta [...]
Alberta Oilsands is pleased to announce that in keeping with its international strategy, the Company has agreed to acquire an interest in blocks 2712A and 2812A, located in the Orange Basin, offshore Namibia. AOS has agreed to acquire 100% of Maroon Hill International Limited, a BVI company which owns 85% of Leopard Investments Ten (Pty) Ltd, a [...]