-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RrhRx8WQCFsbST3ydun9mA+UpqqcmpO/6I0rBnY2ESZoWMaHLfEHMA6DvQ+JMoaR KymCH1GqafLfI+5HGg9iwQ== /in/edgar/work/20000906/0000912057-00-040298/0000912057-00-040298.txt : 20000922 0000912057-00-040298.hdr.sgml : 20000922 ACCESSION NUMBER: 0000912057-00-040298 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000905 FILED AS OF DATE: 20000906 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SUNCOR ENERGY INC CENTRAL INDEX KEY: 0000311337 STANDARD INDUSTRIAL CLASSIFICATION: [2911 ] IRS NUMBER: 000000000 STATE OF INCORPORATION: A0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: SEC FILE NUMBER: 001-12384 FILM NUMBER: 717623 BUSINESS ADDRESS: STREET 1: 112 4TH AVENUE SW PO BOX 38 STREET 2: CALGARY ALBERTA CITY: CANADA T2P 2V5 STATE: A0 BUSINESS PHONE: 4032698100 MAIL ADDRESS: STREET 1: 112 FOURTH AVE SW BOX 38 STREET 2: CALGARY ALBERTA CITY: CANADA T2P 2V5 6-K 1 a2025077z6-k.txt FORM 6-K FORM 6-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Report of Foreign Private Issuer Pursuant to Rule 13a - 16 or 15d - 16 of the Securities Exchange Act of 1934 For the month of: September 2000 Commission File Number: 1-12384 SUNCOR ENERGY INC. (Name of registrant) 112 FOURTH AVENUE S.W. P.O. BOX 38 CALGARY, ALBERTA, CANADA, T2P 2V5 Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F Form 40-F X --------- --------- Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the SEC pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: Yes No X --------- --------- If "Yes" is marked, indicate the number assigned to the registrant in connection with Rule 12g3-2(b): N/A EXHIBIT INDEX
EXHIBIT DESCRIPTION OF EXHIBIT - -------------------------------------------------------------------------------- EXHIBIT 1 MATERIAL CHANGE REPORT
EXHIBIT 1 MATERIAL CHANGE REPORT ITEM 1 REPORTING ISSUER Suncor Energy Inc. 112 Fourth Avenue S.W. Box 38 Calgary, Alberta T2P 2V5 ITEM 2 DATE OF MATERIAL CHANGE September 5, 2000 ITEM 3 PRESS RELEASE A Press Release with respect to the material change was issued by Suncor Energy Inc. on September 5, 2000. ITEM 4 SUMMARY OF MATERIAL CHANGE (ALL DOLLAR AMOUNTS ARE EXPRESSED IN CANADIAN DOLLARS) Suncor Energy Inc. ("Suncor") announced on September 5, 2000 that it plans to resolve operational issues as well as concerns about environmental and social impacts at its Stuart joint venture oil shale demonstration project in Australia, which will require an expenditure on the part of Suncor of $13 million and potentially up to $22 million to improve plant performance. The next stage of development of the project will be put on hold until such issues and concerns are addressed. In addition, the board of directors of Suncor agreed to an after tax write down of $80 million of its Stuart Oil Shale Project, reflecting increased costs and delayed oil production. Future expenditures at the oil shale plant will be expensed against earnings. ITEM 5 FULL DESCRIPTION OF MATERIAL CHANGE Suncor announced on September 5, 2000 that it plans to resolve operational issues as well as concerns about environmental and social impacts at its Stuart joint venture oil shale demonstration project in Australia, which will require an expenditure on the part of Suncor of $13 million and potentially up to $22 million to improve plant performance. The next stage of development of the project will be put on hold until such issues and concerns are addressed. In addition, the board of directors of Suncor agreed to an after tax write down of $80 million of its Stuart Oil Shale Project, reflecting increased costs and delayed oil production. Future expenditures at the oil shale plant will be expensed against earnings. Suncor has been investing in oil shale technology since 1997 when Suncor and its joint venture partners began constructing an oil shale demonstration plant near Gladstone, Australia. Over the last year, operational and environmental issues have delayed commissioning and Suncor has undertaken tests to determine the extent of the additional work needed to improve operational performance. 2 Suncor's first priority is to operate the plant reliably and address community concerns about plant emissions and noise, and it will put further stages of development on hold until these operational challenges are resolved. The plant upgrades could take until April 2001 to complete. Suncor anticipates that once commissioning is finished, it could need an additional six to nine months of operational experience to demonstrate the technology before making longer term investment decisions. In addition to resolving operational issues at the Australian plant, sustainability issues must be addressed if oil shale development on a commercial scale is to be successful over the long term. Key criteria to be applied by Suncor in evaluating the commercial potential of oil shale include: - a mandate from local, regional and national governments and the public to develop oil shale - establishing performance standards acceptable to stakeholders that address the environmental and social dimensions of oil shale development - greenhouse gas management plans that align with future national and international commitments to address the risk of climate change - the capability to generate shareholder value Suncor operates the oil shale project in Gladstone, Australia, on behalf of its joint venture with Southern Pacific Petroleum NL and Central Pacific Minerals NL. Suncor's plans as described in this item comprise forward looking information subject to certain risks and uncertainties, known and unknown. Actual future results may differ materially. This forward looking information regarding Suncor's future plans, including cost estimates, is preliminary and remains subject to change in response to factors that could include stakeholder consultation, the regulatory process, detailed engineering work, technical issues, technological capabilities, new legislation, and competitive and general economic factors and conditions. Further discussion of the risks, uncertainties and other factors that could affect these plans and any actual results are described in Suncor's annual information form, annual report to shareholders and other documents filed with regulatory authorities. ITEM 6 RELIANCE ON CONFIDENTIALITY SECTION OF THE ACT Not applicable ITEM 7 OMITTED INFORMATION Not Applicable ITEM 8 FURTHER INFORMATION For further information relating to the foregoing, contact Michael W. O'Brien, Suncor's Executive Vice President, Corporate Development and Chief Financial Officer, at 403-269-8111. 3 ITEM 9 STATEMENT OF SENIOR OFFICER The foregoing accurately discloses the material change referred to herein. DATED at Calgary, Alberta, this 5th day of September, 2000. "MICHAEL W. O'BRIEN" - ----------------------------------------------- MICHAEL W. O'BRIEN Executive Vice President, Corporate Development and Chief Financial Officer SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. SUNCOR ENERGY INC. Date: September 6, 2000 By: "MICHAEL W. O'BRIEN" ------------------------------------ MICHAEL W. O'BRIEN Executive Vice President, Corporate Development and Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----