TSX: OPC
CALGARY, July 22 /CNW/ - OPTI Canada Inc. (OPTI) announced today that it
will conduct a conference call at 7:00 a.m. Mountain Time (9:00 a.m. Eastern
Time) on Wednesday, July 29, 2009 to review the Company's second 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) 588-4942 (North American Toll-Free)
(416) 644-3430 (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 August 11, 2009, inclusive.
To access the replay, call (416) 640-1917 or (877) 289-8525 and enter passcode
21311681, 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(equal sign)2751980.
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
http://www.longlake.ca.
Forward-Looking Statements
Certain statements contained herein are forward-looking statements,
including statements relating to: OPTI's operations; business prospects,
expansion plans and strategies; OPTI's plans and expectations concerning the
use and performance of the OrCrude(TM) process and other related technologies;
the cost, development and operation of the Long Lake Project and OPTI's
relationship with Nexen Inc.
