CALGARY, Dec. 7, 2012 /CNW/ - US Oil Sands Inc. ("US Oil Sands" or the "Company") (TSXV: USO) today announced that it will present at the Canadian
Association of Petroleum Producers 2012 Investment Symposium, being
held in Toronto, Ontario, December 10 - 12, 2012. Cameron Todd, Chief
Executive Officer and Glen Snarr, President and Chief Financial Officer
will present at the following times:
Monday - December 10 at 11:30 AM - 11:55 AM (EST)
Tuesday - December 11 at 3:00 PM - 3:25 PM (EST)
Wednesday - December 12 at 2:00 PM - 2:25 PM (EST)
To listen and view the webcast, please visit: http://www.capp.ca/aboutUs/events/CAPPOilGasSymposium/Pages/default.aspx. Presentation slides will be available at the symposium or on US Oil
Sands' website at www.usoilsandsinc.com.
The Canadian Association of Petroleum Producers (CAPP) represents
companies, large and small, that explore for, develop and produce
natural gas and crude oil throughout Canada. CAPP's member companies
produce about 90 per cent of Canada's natural gas and crude oil. CAPP's
associate members provide a wide range of services that support the
upstream crude oil and natural gas industry. Together CAPP's members
and associate members are an important part of a national industry with
revenues of about $100 billion a year. CAPP's mission is to enhance the
economic sustainability of the Canadian upstream petroleum industry in
a safe and environmentally and socially responsible manner, through
constructive engagement and communication with governments, the public
and stakeholders in the communities in which we operate.
ABOUT US OIL SANDS LTD.
US Oil Sands is engaged in the exploration and development of oil sands
properties and, through its wholly owned United States subsidiary US
Oil Sands (Utah) Inc., has a 100% interest in bitumen leases covering
32,005 acres of land in Utah's Uinta basin. The Company plans to
develop its oil sands properties using its proprietary extraction
process which uses a bio-solvent to extract bitumen from oil sands
without the need for tailings ponds. The Company is in the
pre-production stage, anticipating the commencement of bitumen
production and sales in 2013.
The foregoing information contains forward-looking information relating
to the future performance of the Company including information relating
to the commencement of commercial bitumen production and sales. Forward
looking information is subject to a number of known and unknown risks,
uncertainties and other factors that may cause actual results to differ
materially from those anticipated in our forward looking statements.
Such risks and other factors include, among others, the actual results
of exploration activities, changes in world commodity markets or equity
markets, the risks of the petroleum industry including, without
limitation, those associated with the environment, delays in obtaining
governmental approvals, permits or financing or in the completion of
development or construction activities, title disputes, change in
government and changes to regulations affecting the oil and gas
industry, and other risks and uncertainties detailed from time to time
in the Company's filings with the Canadian securities administrators
(available at www.SEDAR.com). Forward-looking statements are made based on various assumptions and
on management's beliefs, estimates and opinions on the date the
statements are made. Should one or more of these risks and
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those described in
the forward-looking information contained herein. The Company
undertakes no obligation to update forward-looking statements if these
assumptions, beliefs, estimates and opinions or other circumstances
should change, except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE: US Oil Sands Inc.
For further information:
US Oil Sands Inc.
Cameron Todd, CEO or Glen Snarr, President and CFO
Suite #1600, 521 - 3rd Avenue SW
Canada T2P 3T3
Tel: +1 403 233 9366
300 5th Ave. SW, 10th Floor
Calgary, Alberta T2P 3C4
Tel: +1 403 218 2833