Canadian Oil Sands appoints chief financial officer

Canadian Oil Sands Trust, Calgary, appointed Allen Hagerman chief financial officer of its wholly owned subsidiary, Canadian Oil Sands Ltd.

May 16, 2003

By OGJ editors

HOUSTON, May 16 -- Canadian Oil Sands Trust, Calgary, appointed Allen Hagerman chief financial officer of its wholly owned subsidiary, Canadian Oil Sands Ltd., which manages the trust.

Hagerman has more than 25 years of experience in the financial management of energy companies. Previously, he was vice-president and chief financial officer of Fording Canadian Coal Trust.