Not A Merger But Sun Did Emerge As Leading Firm In G.C. O.S. Proposal

Although it was not actually a merger in the true sense of the word it was of particular interest that Sun Oil Company emerged as the leading company in the Great Canadian Oil Sands bid to place the first Athabasca Oil Sands processing plant in operation. Sun stepped in and has assured the proposal the financial backing it requires, one snag is that the now principal backer feels that a larger volume of synthetic crude 45,000 barrels compared to 31,500 will be needed to make it an economic possibility. As noted earlier Great Canadian and its partners are awaiting a Board decision on their application for an increase.

In other Athabasca oil sands matters the Board recommended that both the Shell Canada Limited and Cities Service Athabasca Inc, applications for processing permits be turned down in 1963 and the applicants given to 1968 to reapply. The Alberta Government backed the Board on its decision.