SHELL CANADA NOW 100% OWNER AT PEACE RIVER

Shell Canada Ltd., Calgary, has purchased full ownership in its oilsands operation in Alberta. It acquired Pecten Canada Ltd., an investment unit owned by Shell Petroleum Inc. of the U.S. Pecten was 50-50 partner with Shell Canada in a 10,000 b/d oilsands plant near Peace River, Alta. The purchase also covered Pecten's 50% interest in about 123,500 acres of oilsands leases in the Athabasca area of Northeast Alberta and 197,600 acres in the Peace River area of western Alberta.

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