August 25, 2005 Mr. David A. Dyck Chief Financial Officer Western Oil Sands Inc. Ernst & Young Tower, Suite 2400 440 Second Avenue S.W. Calgary, Alberta, Canada T2P 5E9 	Re:	Western Oil Sands 		Form 40-F for Fiscal Year Ended December 31, 2004 Filed April 1, 2005 Response Letter Dated August 8, 2005 		File No. 333-90736 Dear Mr. Dyck: We have reviewed your response letter and have the following comments. We have limited our review of your filing to those issues we have addressed in our comments. Where indicated, we think you should revise your document in response to these comments. If you disagree, we will consider your explanation as to why our comment is inapplicable or a revision is unnecessary. Please be as detailed as necessary in your explanation. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. After reviewing this information, we may raise additional comments. Form 40-F for the Fiscal Year Ended December 31, 2004 Financial Statements Consolidated Statements of Operations and Retained Earnings (Deficit), page 3 1. We have read your response to prior comment three wherein you indicate that you separate feedstocks and transportation costs incurred from revenues earned because you believe that your shareholders are interested in the revenues being generated by your bitumen reserves. You also indicate that you do not consider feedstocks and transportation to be operating since these types of costs are "incurred to either mine or upgrade the bitumen into a saleable product." Please provide an analysis that explains how you have considered the guidance in EIC 123 - Reporting Revenue Gross as a Principal versus Net as an Agent. 2. We have reviewed your response to prior comment number four and are unable to agree with your conclusion. As previously noted, the Illustrative example in CICA 1540 presents a subtotal that does not include net income or loss, and only includes "items not effecting cash." Accordingly, we reissue our prior comment in its entirety. We note in your reconciliation of net earnings to net cash provided by operating activities that you present a subtotal of net income and various charges and credits above total net cash from operating activities. Support your disclosure of this subtotal under Canadian GAAP as there does not appear to be a provision within CICA 1540 for this presentation. Closing Comments As appropriate, please amend your filing and respond to these comments within 10 business days or tell us when you will provide us with a response. You may wish to provide us with marked copies of the amendment to expedite our review. Please furnish a cover letter with your amendment that keys your responses to our comments and provides any requested information. Detailed cover letters greatly facilitate our review. Please understand that we may have additional comments after reviewing your amendment and responses to our comments. 	You may contact Jennifer Goeken at (202) 551-3721 if you have questions regarding comments on the financial statements and related matters. Please contact me at (202) 551-3683 with any other questions. 								Sincerely, 								Jill S. Davis 								Branch Chief ?? ?? ?? ?? Mr. David A. Dyck Western Oil Sands Inc. August 25, 2005 Page 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION 100 F Street, NE WASHINGTON, D.C. 20549-7010 DIVISION OF CORPORATION FINANCE MAIL STOP 7010