| OPTI Canada to Host Third Quarter 2009 Results Conference Call on October 28, 2009 17:30 EDT Wednesday, October 21, 2009 | |
TSX: OPC
CALGARY, Oct. 21 /CNW/ - OPTI Canada Inc. (OPTI) announced today that it will conduct a conference call at 6:30 a.m. Mountain Time (8:30 a.m. Eastern Time) on Wednesday, October 28, 2009 to review the Company's third quarter 2009 financial and operating results. Chris Slubicki, President and Chief Executive Officer, and Travis Beatty, Chief Financial Officer, will host the call. To participate in the conference call, dial:
<< (800) 814-4860 (North American Toll-Free) (416) 644-3419 (Alternate) >>
Please reference the OPTI Canada conference call with Chris Slubicki when speaking with the Operator.
A replay of the call will be available until November 11, 2009, inclusive. To access the replay, call (416) 640-1917 or (877) 289-8525 and enter passcode 4176079, followed by the pound (No.) sign.
This call will also be webcast, and can be accessed on OPTI Canada's website under "Presentations and Webcasts" in the "For Investors" section. The webcast will be available for replay for a period of 30 days. The webcast may alternatively be accessed at: http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2852960.
About OPTI
OPTI Canada Inc. is a Calgary, Alberta-based company focused on developing major oil sands projects in Canada using our proprietary OrCrude(TM) process. Our first project, Phase 1 of Long Lake, consists of 72,000 barrels per day of SAGD (steam assisted gravity drainage) oil production integrated with an upgrading facility.
The upgrader uses the OrCrude(TM) process combined with commercially available hydrocracking and gasification. Through gasification, this configuration substantially reduces the exposure to and the need to purchase natural gas.
On a 100 percent basis, the Project is expected to produce 58,500 bbl/d of products, primarily 39 degree API Premium Sweet Crude with low sulphur content, making it a highly desirable refinery feedstock. Due to its premium characteristics, we expect PSC(TM) to sell at a price similar to West Texas Intermediate (WTI) crude oil.
The Long Lake Project is being operated in a joint venture with Nexen Inc. OPTI holds a 35 percent working interest in the joint venture. OPTI's common shares trade on the Toronto Stock Exchange under the symbol OPC.
Additional information regarding the Long Lake Project is available at
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