Suncor Energy reports oil sands production numbers for April 2008
May 08 2008 - 5:00AM
PR Newswire (US)
CALGARY, May 8 /PRNewswire-FirstCall/ -- Suncor Energy Inc.
reported today that production at its oil sands facility during
April averaged approximately 223,000 barrels per day (bpd).
Year-to-date oil sands production at the end of April averaged
approximately 241,000 bpd. Suncor is targeting average oil sands
production of 275,000 to 285,000 bpd in 2008. On a monthly basis,
Suncor reports production numbers from its oil sands operation in
order to provide stakeholders with a more timely review of
operational performance. These numbers are preliminary and subject
to adjustment. Monthly totals may differ from year-to-date total
due to rounding, the impact of sales and changes in inventory.
Production volumes will be confirmed when Suncor's second quarter
results are released on July 24, 2008. This news release contains a
forward-looking statement identified by the word "targeting" that
is based on Suncor's current expectations, estimates, projections
and assumptions made in light of its experiences and the risks,
uncertainties and other factors related to its business. Actual
events could differ materially as a result of changes to Suncor's
plans and the impact of events, risks and uncertainties discussed
in Suncor's current annual information form, annual and quarterly
reports to shareholders and other documents filed with regulatory
authorities. Suncor Energy Inc. is an integrated energy company
headquartered in Calgary, Alberta. Suncor's oil sands business,
located near Fort McMurray, Alberta, extracts and upgrades oil
sands and markets refinery feedstock and diesel fuel, while
operations throughout Western Canada produce natural gas. Suncor
operates a refining and marketing business in Ontario with retail
distribution under the Sunoco brand. U.S.A. downstream assets
include refining operations in Colorado and retail sales in the
Denver area under the Phillips 66(R) brand. Suncor's common shares
(symbol: SU) are listed on the Toronto and New York stock
exchanges. Sunoco in Canada is separate and unrelated to Sunoco in
the United States, which is owned by Sunoco Inc. of Philadelphia.
Suncor Energy (U.S.A.) Inc. is an authorized licensee of the
Phillips 66(R) brand and marks in the state of Colorado.
DATASOURCE: Suncor Energy Inc. CONTACT: Brad Bellows, (403)
269-8717
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