OPTI's key strengths combine to create an unmatched oil sands advantage:
Pure-play oil sands investment opportunity.
OPTI is 100 percent focused on Canada's oil sands, one of the largest hydrocarbon deposits in the world.
Best-in-class operating costs.
Our proprietary OrCrude™ process, combined with gasification, substantially reduces the requirement for natural gas. Natural gas is typically the largest input cost in an in-situ oil sands project.
Production ramping up.
Start-up of the Upgrader and production of first Premium Sweet Crude (PSC™) was announced on January 22, 2009. We expect production to ramp-up to 58,500 bbl/d of PSCTM and other products in late 2010.
Multi-phase expansion plans.
With substantial resources currently estimated at 2 billion barrels recoverable, the Company is executing on its strategy to eventually reach 120,000 bbl/d production capacity net to OPTI via a multi-stage expansion plan.