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U.S. Oil Sands Announces Deferment of PR Spring Project

Dec 16, 2016 · Basin Now · News

Canadian based company U.S. Oil Sands announced this month that plans for the PR Spring project will be deferred until a $7.5 million dollar financing is complete. Mechanical construction of PR Spring is complete but “as a result of liquidity constraints,” the Company has elected to “lay-up the facility pending the closing of Financing.”