Opti Canada Inc.

Opti Canada Inc., Calgary, has retained Scotia Waterous Inc. and TD Securities Inc. to explore strategic alternatives that may include asset divestitures, a corporate sale or merger, or other business combinations. Opti holds a 35% working interest in an oilsands joint venture with Nexen Inc. in northern Alberta that includes a completed, integrated SAGD project currently ramping up 72,000 barrels of bitumen per day. The resource base is estimated to be 804 million barrels of reserves, 1.114 billion barrels of contingent resources and 310 million barrels of prospective resources. Contact David Potter, 403-261-2378.