The joint venture’s Leismer property is located approximately 64km southwest of Long Lake and is comprised of 146 sections of land. 

McDaniel & Associates, our independent resource evaluator, recognizes our Leismer lease to contain 960 million barrels of Contingent Resources.

During the 2007/2008 winter season, 30 delineation wells and 11 square miles of 3-D seismic are planned.

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