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Page added on February 10, 2006

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Mystery buyer marks record Alberta oil land sale

Energy companies paid C$651 million ($566 million) for undeveloped acreage in Alberta, most of it oil sands leases, a record driven by booming interest in the unconventional resource, the Canadian province’s energy department said on Thursday.

..The mystery buyer created a buzz in Canada’s oil industry, whose oil sands potential has recently grown in prominence among investors from around the world hunting for secure energy supplies against a backdrop of high oil prices.

Reuters



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