CALGARY, ALBERTA–(Marketwired – Dec. 15, 2014) – Canadian Oil Sands Limited (TSX:COS)(OTCQX:COSWF) (“COS”) today announced that it expects Syncrude production to total about 94 million barrels in 2014, below the range of 95 to 100 million barrels provided in COS’ October 30, 2014 guidance, due to an outage in a sour water treater. The repair to this unit is expected to be complete by the end of this month.
Canadian Oil Sands Limited
Through our 36.74 per cent interest in the Syncrude project, COS has an established cash- generating asset providing a production stream of 100% light, sweet, synthetic crude oil and long-life, non-declining crude oil reserves. COS pays a quarterly dividend and over the past 13 years has returned more than $7 billion in dividends to shareholders.
For more information please visit our web site at: www.cdnoilsands.com
Find Canadian Oil Sands on Facebook, Twitter, and Linkedin and see our blog at http://blog.cdnoilsands.com/
The factors or assumptions on which the forward-looking information is based include, but are not limited to: Syncrude’s production forecasts and maintenance plans. Some of the risks and other factors which could cause actual results to differ materially from current expectations expressed in this press release include, but are not limited to, the occurrence of unexpected events such as fires, blowouts, equipment failures and other similar events, skilled labour shortages or material shortages and the unsuccessful or untimely implementation of maintenance projects. You are cautioned that the foregoing list of important factors is not exhaustive. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
VP, Investor & Corporate Relations
Director, Investor & Corporate Relations