Canadian Oil Sands Trust » Corporate Profile

At a Glance

Canadian Oil Sands Trust holds a 35.49% indirect working interest in the Syncrude Joint Venture.
Trades on the Toronto Stock Exchange under the symbol COS.UN. Approximately 86.3 million Trust units are outstanding.
Market capitalization of approximately $3 billion.
Distributions in 2002 totalled $2.00 per Trust unit.
At year-end 2002, net debt represented 29% of total capitalization.
Production during 2002 averaged 49,806 barrels per day.
Total capital expenditures in 2002 were $403.2 million.
Operating costs averaged $17.40 per barrel in 2002.
The Trust's proven, developed reserves and undeveloped resource totalled 1.8 billion barrels of Syncrude Sweet Blend at year-end 2001.
The Trust's share of production is expected to reach more than 41 million barrels per year (124,000 barrels per day) in 2005 as part of the Syncrude 21 expansion plan.