This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Opti Canada puts itself on the block 2009-11-03 17:16 ET - News Release Mr.
Chris Slubicki reports OPTI CANADA ANNOUNCES REVIEW OF STRATEGIC ALTERNATIVES Opti Canada Inc.'s board of directors has initiated a process to explore strategic alternatives for enhancing shareholder value. Opti believes that the current trading price of its common shares does not reflect the value of its assets.
Opti has a 35-per-cent working interest in a world-class joint venture with Nexen Inc., which includes:
- A completed, integrated SAGD project, which is currently ramping up
to 72,000 barrels per day of bitumen production;
- An operating upgrader using proven, proprietary technology that
is expected to result in "best-in-class" netbacks;
- A substantial resource base of 804 million barrels of reserves,
1,114 million barrels of contingent resources and 310 million barrels
of prospective resources, which together are capable of supporting six
long-life phases with ultimate production potential net to Opti of
over 120,000 bbl/d of premium synthetic crude (PSC).
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