Suncor has agreed to sell a 34.3% equity interest in the East Tank Farm Development to Fort McKay First Nation ("FMFN"), in exchange for FMFN paying proportionate capital costs of the project, which Suncor estimates to be ~$350 mm.
06 Sep 2016
SALES AGREEMENT FOR EAST TANK FARM DEVELOPMENT
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SALES AGREEMENT FOR EAST TANK FARM DEVELOPMENT
Suncor Energy Inc. (SU:TSE) | 0 0 (-0.3%) | Mkt Cap: 69,601m
- Published:
06 Sep 2016 -
Author:
Michael P. Dunn -
Pages:
2
Suncor has agreed to sell a 34.3% equity interest in the East Tank Farm Development to Fort McKay First Nation ("FMFN"), in exchange for FMFN paying proportionate capital costs of the project, which Suncor estimates to be ~$350 mm.