Hi Huw 50% of the profits, yes, taxed at a tiered rate. Bottom line it isn't MORE than the UK rate, because it all reverts to that for the UK investor, at least, doesn't it? cheers

Production is definitely happening with the sands in Alberta, see Shells website for example. http: / /www .shell .com /home /Framework?siteId=technology -en &FC2= &FC3= /technology -en /html /iwgen /difficult _hydrocarbons /oil _sands /oil _sands _11122006 .html