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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.