Posted AT 10:39 PM EST on 14/01/08
SEC takes fresh look at oil sands reserves
The U.S. Securities and Exchange Commission is looking at putting Alberta's oil sands reserves on the same footing as conventional crude oil, a move that could boost the value of the enormous resource.
The SEC will be reviewing rules – put in place nearly three decades ago when the oil sands were considered uneconomic – that prohibit companies from booking their bitumen resources as “proven crude reserves.
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