Canadian Oil Sands Purchases Interest in Syncrude Joint Venture from Talisman Energy

Canadian Oil Sands Ltd., a wholly owned subsidiary of Canadian Oil Sands Trust, completed the purchase on January 2, 2007 from Talisman Energy Inc. of Talisman's 1.25 per cent interest in the Syncrude Joint Venture for approximately $475 million, comprised of $237.5 million in cash and 8,189,655 units of Canadian Oil Sands Trust.

Canadian Oil Sands' legal team was led by Trudy Curran, general counsel and corporate secretary, who was assisted by Noralee Bradley (corporate) and Robert Desbarats, Q.C. and Janice Buckingham (energy), all from Osler, Hoskin & Harcourt LLP and David Ross (tax) from Burnet, Duckworth & Palmer LLP.

Talisman's legal team was led by James Bell, senior manager, legal and associate general counsel and was assisted by Wayne Fedun (energy); Kevin Johnson (corporate) and Harold Jacques (tax), all of Macleod Dixon LLP.


Wayne W. Fedun Noralee M. Bradley Janice Buckingham Robert P. Desbarats David W. Ross Kevin E. Johnson