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US Oil Sands Inc. (TSXV:USO) announced that is has filed its its unaudited interim financial statements for the three month period ended June 30. The company also provided management discussion and analysis of the financial results.
US Oil Sands Inc. (TSXV:USO) announced that is has filed its its unaudited interim financial statements for the three month period ended June 30. The company also provided management discussion and analysis of the financial results.
As quoted in the press release:
A copy of the aforementioned documents may be found for viewing on the System for Electronic Document Analysis and Retrieval website at www.sedar.com as well as US Oil Sands’ website at www.usoilsandsinc.com.
The second quarter for US Oil Sands marked the commencement of 2015 field construction at the PR Spring Project site as utility infrastructure, piles and foundations and pipeline work began. This has been followed by a steady stream of equipment deliveries and subsequent installation as the various elements of the PR Spring Project are completed in readiness for commercial start-up in the fourth quarter.
Cameron Todd, CEO of US Oil Sands, commented:
After several years of testing, design and preparation, it is exciting to see all the facets of our project come together. We are quickly closing in on the finish line with mechanical completion scheduled in just weeks. The project is on budget and targeted for first oil in the fourth quarter. By year-end we expect to be demonstrating our breakthrough extraction technology by delivering clean oil to market from the world’s first commercial oil sands mining and extraction project that does not require a tailings pond. There are a lot of eyes on us and we look forward to fulfilling expectations of the most capital-efficient and environmentally-responsible oil sands project.
Click here to read the full US Oil Sands Inc. (TSXV:USO) press release.