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UpstreamOnline: Sure Northern on oil sands spree

By Upstream staff

Shell subsidiary Sure Northern Energy has bought five new oil sands leases in northern Alberta for C$101 million (US$92 million).

The leases are near the 10 parcels that it had picked up in February for C$465 million. In July Sure bought another lease for C$5.1 million through a land agent.

Sure Northern president Steve Crane said: “We are very pleased to have been successful in this latest lease sale. We believe there is potential in these parcels that compliments and strengthens the position we established earlier this year.”

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