The Cottonwood area is located approximately 32km southwest of Long Lake and is comprised of 141 sections of land.

McDaniel & Associates, our independent resource evaluator, recognizes our Cottonwood lease to contain 542 million barrels of Contingent and Prospective Resources.

There are over 50 wells drilled on these lands, including 19 drilled by OPTI and Nexen. During the 2007/2008 winter delineation season, 25 delineation wells and 12 square miles of 3-D seismic are planned.

All reserve and resource amounts net to OPTI at December 31, 2007.