TSX: COS: 8.38  -0.40

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Canadian Oil Sands Limited 2000 First Canadian Centre 350–7th Avenue SW Calgary, Alberta T2P 3N9

Tel: 403 218 6200
Fax: 403 218 6201


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About COS

Senior Management

Sandy Martin, Chief Executive Officer

Mr. Martin has over 20 years of experience in Canadian and international oil and gas exploration, development and operations, currently as Vice President, Strategy and Commercial Development for Suncor Energy. He began his career as an engineer supporting operations in Western Canada. Over the years, he has held senior positions in project management, marketing, operations and development focused on Canadian oil sands and offshore oil and gas in Canada and the North Sea, including as Vice President, East Coast.

He has previously served as a board member of the Atlantic Provinces Economic Council, Petroleum Research Newfoundland & Labrador and the International School of Aberdeen. He is part of the Trudeau Foundation community, previously serving as a mentor.

Mr. Martin has a Bachelor of Science degree in mechanical engineering from Queen’s University and a Masters of Business Administration degree from the University of Calgary.

Jolienne Guillemaud, Chief Financial Officer

Ms. Guillemaud has more than 20 years of senior finance experience, most recently as Vice President and Treasurer of Suncor Energy.

Previously at Suncor, she served as Vice President and Controller, and as Assistant Controller. Prior to joining Suncor, she held senior accounting positions with EnCana and with PricewaterhouseCoopers.

Ms. Guillemaud holds a Chartered Accounting Designation from the Canadian Institute of Chartered Accountants (CICA) and has three times been the recipient of the CICA Award of Excellence for Financial Reporting in the Oil and Gas Industry. She studied in the Faculty of Business, Accounting at the University of Calgary and holds a B.A. in Sociology and Psychology from the University of Calgary.

Jacquie Moore, Corporate Secretary

Ms. Moore has more than 20 years of experience practicing corporate commercial and securities law most recently as the Vice President Legal Affairs, Corporate and Chief Compliance Officer for Suncor Energy. Prior to joining Suncor, Jacquie was a Partner with a major national law firm, practising corporate finance and securities law. She has also previously acted as general counsel to a provincial Crown corporation in British Columbia.

Ms. Moore holds a Bachelor of Commerce Degree and Law Degree (LLB) from the University of Calgary.

Siren Fisekci, Vice President, Investor and Corporate Relations

Ms. Fisekci joined Canadian Oil Sands in November 2002. Siren has 20 years of experience in investor relations and corporate communications, concentrated in the energy sector. She previously held positions with EnCana Corporation, PanCanadian Energy and Rigel Energy. Siren holds a Bachelor of Communications degree from the University of Calgary, and has completed the Harvard Business School Advanced Management Program, the Canadian Securities Course and the Richard Ivey Strategic Management of Investor Relations program.

Scott Greenshields, Vice President, Tax, Controller and Special Projects

Mr. Greenshields joined Canadian Oil Sands in May 2012 as Director, Tax and Special Projects. Scott has over 20 years of progressively senior finance experience in financial reporting, tax, acquisitions and dispositions and other special project work. Prior to joining Canadian Oil Sands, Scott was the Vice President, Finance and Chief Financial Officer at Molopo Energy Ltd and prior thereto held senior positions with other oil and gas producers. Scott holds a Chartered Accountant designation and a Bachelor of Commerce degree from the University of Calgary.

Adrienne Nickerson, Vice President, Operations

Ms. Nickerson joined Canadian Oil Sands in September 2010 and is responsible for helping set the direction of Syncrude’s current operations and growth strategies, with a focus on major projects and tailings management. She represents Canadian Oil Sands on the Syncrude Joint Venture Operations Sub-Committee and the Growth Development Planning and Major Projects Sub-Committee. Prior to joining Canadian Oil Sands, Adrienne was with Suncor Energy for over 20 years where she was responsible for driving improvement in mining operations and developing project and capital portfolio management processes. Adrienne holds a BSc. in Mining Engineering with Honours from Queens University, and is a member of the Association of Professional Engineers, Geologists and Geophysicists (APEGGA). She is a graduate of the Ivey Executive Program as well as a contributing member of the Global Organization Design Society.

David Sirrs, Vice President, Marketing

David joined Canadian Oil Sands in 2006 as Director, Marketing and was appointed Vice President, Marketing in 2010. In this role he leads Canadian Oil Sands’ in-house marketing team that focuses on optimizing product pricing, monitoring and responding to the direction of crude oil markets as well as maintaining strong relationships with its customers. Prior to joining Canadian Oil Sands, David held energy marketing and trading positions with Devon Canada, Husky Energy Marketing, Gulf Canada Resources and Crestar Energy. He holds a B.Comm with Distinction from the University of Saskatchewan.

Philip D. Birkby, Treasurer

Mr. Birkby was promoted to Treasurer effective May 2014. He previously held the position of Controller since joining Canadian Oil Sands in May 2010. Philip has nearly 20 years of accounting and finance experience with senior positions at Suncor Energy, Petro-Canada and the reinsurance industry in Bermuda. Philip holds a Chartered Accountant designation and a Bachelor of Commerce from the University of Alberta.

Scott W. Arnold, Director, Investor & Corporate Relations

Mr. Arnold joined Canadian Oil Sands in August 2005. Scott has nearly 20 years of experience in finance, accounting and corporate communications. Prior to Canadian Oil Sands, he worked in the Financial Advisory group at Deloitte & Touche, LLP. Scott holds a Chartered Accountant and Chartered Business Valuator designation as well as Bachelor of Commerce and Master of Business Administration degrees from the University of Calgary.
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Alberta Oil Sand(s) Deposits

The four deposits, Athabasca, Peace River, Cold Lake and Wabasca, have total resource in place estimated at 1.7 trillion to 2.5 trillion barrels. The Athabasca Oil Sands deposit, Alberta's largest and most accessible source of bitumen, contains more than one trillion barrels of bitumen over an area encompassing more than 30,000 square kilometers.

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The molasses-like substance that comprises up to 18 per cent of oil sands. Bitumen, in its raw state, is black, asphalt-like oil. It requires upgrading or blending to make it transportable by pipeline and usable by conventional refineries.
Bitumen cracking
A process that breaks large, complex hydrocarbon molecules into smaller, simpler compounds by means of heat.
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Carbon dioxide (CO2)
A non-toxic gas produced from decaying materials, respiration of animal life, and combustion of organic matter, including fossil fuels; carbon dioxide is the most common greenhouse gas produced by human activities.
Vessels in which bitumen is cracked into its fractions and from which coke is withdrawn to start the process of converting bitumen to upgraded crude oil.
Conventional oil
Petroleum found in liquid form, flowing naturally, or capable of being pumped without further processing or dilution.
Specialized equipment that receives oil sand feed and turns it into a slurry form for transport to the pump box.
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An undertaking to systematically remove plant capacity limitations through modifications of existing facilities and/or addition of capital facilities.
Diesel cetane count
A quality specification important in the production of diesel fuels.
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The process of separating bitumen from oil sand.
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Raw material supplied to refinery, oil sands upgrader, or petrochemical plant.
Flue gas scrubber/desulphurizer
Equipment that removes sulphur dioxide and other emissions.
Fluid coking
A major part of the upgrading process whereby high temperatures in a coker break down the complex bitumen molecules, reject carbon and cause bitumen molecules to reformulate into lighter fractions that become the main ingredients in upgraded crude oil.
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Greenhouse gases
Any of the various gases that contribute to the greenhouse effect.
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LC-Finer hydroprocessor
A major upgrading unit that breaks down bitumen by adding hydrogen with the aid of a catalyst to produce gas oil.
The process of optimizing an operational unit or facility to reach its design capacity.
Low-energy extraction
A process for extracting bitumen that uses about one-third of the energy of the traditional process, bringing significant cost and environmental benefits.
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Middle distillates
A classification of refined petroleum products that includes kerosene, diesel, and jet fuel.
Mine train
Modular units for crushing and mixing the oil sands with warm water to facilitate the extraction of bitumen from the oil sands.
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A refined petroleum product in the lighter classification that is often used to make gasoline.
Average realized selling price, after hedging, less operating costs and Crown royalties.
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Oil sand(s)
A composition of sand, bitumen, mineral-rich clays and water.
Oil sand(s) lease
A long-term agreement with the provincial government that permits the leaseholder to extract bitumen, other metals and minerals contained in the oil sands in the specified lease area.
Ore grade
The percentage of bitumen by weight in the oil sands.
Layer of rocky, clay-like material that lies under muskeg and above oil sands deposits.
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Strip ratio
The ratio of waste (overburden material that covers mineable ore) to ore; used to define the quality of an oil sands ore body.
Sulphur dioxide (SO2)
A compound of sulphur and oxygen produced by burning sulphur.
Typically, a synbit blend is a ~50/50 mix of bitumen and synthetic crude oil.
Syncrude Project
Canadian Oil Sands is a pure investment opportunity in light, sweet crude oil. Through our 36.74% interest in the Syncrude project, we offer a solid, robust production stream of fully upgraded crude oil, exposure to future crude oil prices, potential growth through high-quality oil sands leases and an attractive dividend.
Synthetic crude oil (SCO)
A high-quality product resulting from the mining, extraction and upgrading of bitumen.
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A combination of water, sand, silt, fine clay particles and residual hydrocarbon that is a by-product of removing bitumen from oil sand.
Tailings systems
Separation of water from sand and clay to enable incorporation of solids into reclamation landscapes and recycling of water back into the operations.
Tar sands
Oil sands are also referred to as tar sands. Oil sands are a naturally occurring combination of clay, sands, water and bitumen (a heavy, black viscous oil), whereas tar is a man-made substance.
Total volume to bitumen in place (TV/BIP)
The ratio of total ore plus overburden volume to total bitumen in place.
A unit shutdown essential for good maintenance of the mining, producing and upgrading facilities. A turnaround reduces production but does not usually halt it entirely as the various operating units are often duplicated.
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A facility that upgrades bitumen (extra heavy oil) into synthetic crude oil.
The conversion of heavy bitumen into a lighter crude oil by increasing the ratio of hydrogen to carbon, either by removing carbon (coking) or adding hydrogen (hydroprocessing).
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Vacuum Distillation Unit (VDU)
Capable of processing 285,000 barrels of bitumen a day, the VDU pulls streams of light and heavy-gas oil from hot bitumen feed delivered by the diluents recovery unit.
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