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Calgary Herald: Husky, Shell may unite to recover oil

CALGARY (CNS) — Husky Energy Inc. says it may team up with Royal Dutch Shell on research to recover oil trapped in limestone, but a commercial oilsands project is still a long way off.

CEO John Lau said Tuesday his company is reviewing different technologies to access the vast reserves believed to be buried underground in limestone rather than the sand that makes up most oilsands deposits in northern Alberta.

Royal Dutch, the parent of Shell Canada Ltd., staked out new oilsands territory last year, picking up $465 million in leases in Northern Alberta last year under a new subsidiary called SURE Northern.

The leases are about 100 kilometres west of Fort McMurray at the edge of the Athabasca formation in an area that had previously drawn little interest.

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