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OPTI Canada Inc
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Corporate Profile
| Christopher Slubicki | Page 1 of 11 |
March 19, 2024
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OPTI 2008 / Corporate Fact Sheet 1 THE OPTI ADVANTAGE ? Operator of the Upgrader in Canada’s fourth integrated oil sands project, the Long Lake Project ? Proprietary process to produce high quality synthetic oil with low operating costs ? Signifi cant recoverable resource base estimated at more than 3 billion barrels ? Multi-phase development strategy to achieve 180,000 bbl/d net production capacity ? Project of choice working environment CANADA’S NEXT MAJOR OIL SANDS PROJECT The Long Lake Project (the Project) is Canada’s next major oil sands project to come on-stream. First steam injection occurred in April 2007, with the OPTI-operated Upgrader start-up scheduled for the third quarter of 2008. The Project is anticipated to operate for 40 years, without the exploration risk or declines associated with conventional reserves. AN INTEGRATED, LOW-COST UPGRADING SOLUTION OPTI’s integrated upgrading solution features an Upgrader based on our proprietary OrCrude™ process. When combined with commercially available hydrocracking and gasification technologies, it is expected to deliver one of the highest quality synthetic crude oils ever produced Leismer Cottonwood Fort McMurray Anzac Enbridge/Cheecham Terminal Conklin Long Lake Phase 1 Long Lake Phase 2 Fort McMurray Edmonton Calgary ALBERTA OPTI/Nexen leases Other oil sands leases OPTI PROPERTIES IN THE ATHABASCA OIL SANDS AREA fi rst oil MARKET DATA AS OF MARCH 31, 2008 Total shares outstanding 195.4 million Market capitalization $3.4 billion Average daily volume traded 1,092,517 shares 52 week high/low $15.30 – $25.26