Suncor Energy Inc.has acquired three new oil sands permits, located approximately five kilometres southwest of the company’s Fort McMurray oil sands operations. The three land permits are adjacent to mining leases Suncor previously acquired.
The permits have not been delineated to the extent necessary to provide an estimate of resources or reserves and a timeline for development has not been established. Suncor can apply to have the permits transferred to leases, after meeting minimum targets on resource evaluation.
Suncor will consult with stakeholders as development plans progress.
The purchase price of the permits is not being disclosed.
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