Alberta Oilsands Inc. (AOS.V) reported a third quarter net loss of C$486 thousand or C$0.01 per share, compared to a loss of C$800 thousand or C$0.01 per share in the same period last year.
Petroleum and natural gas sales rose to C$894 thousand from C$666 thousand in the previous year period.
The company expects to spend about C$3.25 million in the fourth quarter of 2009 to complete the final steps for its Clearwater West pilot project application and to drill exploratory wells to fulfill its flow-through share obligations for the year.
The submission of the company's Clearwater West pilot project application would mark the beginning of a critical growth phase for Alberta Oilsands. If the company's application meets all the regulatory requirements, Alberta Oilsands expects to receive project approval within one year of submitting its application.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.