Opti Webcast

CEO Chris Sublicki…….

- Making strong progress on ramp up to full production
- Many steam generation issues are behind up or will be in the foreseeable future.
- All steam issues are at surface, manageable and deemed solved
- Have already seen positive affects of the stream volume in the work completed to date
- Have the strongest net-back position in the oil sands business which will allow them to break even at 1/3 of full production
- The leases we hold today will support 120,000 barrels a day (net to us) for over 40 years !
- We have an asset with a non-declining production profile and we have our OrCrude Technology, which will give us a material cost advantage for decades to come.
- The joint venture contains over 6 billion recoverable barrels, truly world class.

- Any questions about the technology are now behind us.
- Built and operating out capital expenditures are behind us.
- The OrCrude process allows us to use the heaviest bitumen to provide steam generation and produce electrical power for the plant. These savings in natural gas give Opti the competitive advantage over other producers.
- This is a long term sustainable advantage.
- We expect strong net backs at current oil prices.
- Project reliability is steadily improving.
- Applying technology will improve recovery from 60% to over 80%.

Financial

Travis….

- Expect current financial resources to be sufficient for the next 12 to 24 months
- New offering will provide greater certainty towards maintaining sufficient financial resources through to start up.
- We expect to have the best oil sand net backs in the business ($42/ barrel at full production)
- Equity offering will serve to improve this.
- We maintain strong relationships with banks.
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Environmental

- OrCrude technology gives us the opportunity to sequester greenhouse gasses in the future.”
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In closing they said the equity offering will be taken up by many large and well know financial outfits equity offering (listen to end of web cast if you want a list). I would think they certainly don’t want to miss out…..smart money as it is.

Anyone who thinks or claims this financing is detrimental to Opti has not heard this web cast or they are trying to instill fear to shake your shares out of your hands.

This company is in better shape now than when it was over $4 a share. This financing will only help to improve things for the shareholders.