Suncor Pursues Land Options Near Edmonton

Suncor Energy Inc. said late Wednesday that it is pursuing options for the purchase of land in Sturgeon County, northeast of Edmonton, Alberta.

The company has already secured options on several parcels and is beginning consultation with the community on land use planning in anticipation of potential future development as part of Suncor's long-term growth strategy, post 2012.

There currently are no firm plans for development of this property. The timelines for potential development have not yet been established and will, in part, be determined through consultation with the community, regulators, industry and other stakeholders.

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.