	solv ex solv shell canada shc pact complete solv ex corp said it successfully completed its oil sands pilot testing program under its agreement with shell canada limited shc and received a u s dlr bonus payment it also said that shell canada exercised its option to take over solv ex s pct working interest in the construction of the oil facility relieving it of its obligation to raise about mln canadian dlrs for plant construction it said pct of that loan was guaranteed by the government of alberta in exchange for shell s participation solv ex said shell is obligated to pay it an up front royalty and a running royalty based on the operating profits of the oil sands facility it said the shell canada barrel per day oil sands project will be built on shell s oil sand lease about miles north of fort mcmurray in the athabasca region of northern alberta solv ex said the project will cost about mln canadian dlrs it said that following a final feasibility study the plant should open in the early s when oil prices are expected to exceed u s dlrs per barrel reuter 
