Shell Canada Increases Investments in 2007 Plan

Shell Canada announced today $4 billion investment plan for 2007, nearly 50 per cent higher than the 2006 plan.

The plan will include more than $3.6 billion of capital expenditures and almost $400 million of related exploration and pre-development expenses that will deliver profitability and growth now and into the future.

It supports the company's growth in unconventional oil and gas while maintaining the leadership position of our Oil Products business," said Clive Mather, President and CEO, Shell Canada Limited.