QUOTE AND NEWS
Canada.com  Jul 7  Comment 
Share price in UTS Energy Corp. shot up 65% in early morning trading Wednesday, as more details emerged of the company’s deal to sell itself to French oil giant Total SA in a $1.5-billion transaction
CANOE.ca  Feb 5  Comment 
CALGARY - UTS Energy Corp. (TSX:UTS) says it will be able to access less bitumen economically from its oilsands holdings than it previously thought, due partly to new environmental rule in Alberta.
CANOE.ca  Nov 13  Comment 
CALGARY - UTS Energy Corp. (TSX:UTS) said Friday it lost $4.7 million in its latest quarter compared with a loss of $936,000 a year ago.
Canadian Business  Nov 2  Comment 
CALGARY - Calgary-based oilsands junior UTS Energy Corp. (TSX:UTS) plans to sell its half-interest in three northern Alberta properties to
CANOE.ca  Sep 16  Comment 
CALGARY - The delayed Fort Hills oilsands project could be developed at a smaller scale than previously conceived once operator Suncor Energy Inc. (TSX:SU) decides where to rank it on its list of priorities, says the head of UTS Energy Corp....




 
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UTS Energy Corporation (UTS) is a Canada-based company. The Company is engaged in the production of bitumen from the oil sands deposits associated with the leases related to the Fort Hill oils sands project (Fort Hills Project), the Frontier Project, the Equinox Project, and the Lease 421 Area, in addition to the development of the Company’s other exploration lands located in Alberta’s Athabasca Oil Sands Area. UTS holds a 20% interest in the Fort Hills Project through its interests in Fort Hills Energy Corporation (FHEC) and the Fort Hills Energy Limited Partnership (Fort Hills Partnership). The other Fort Hills Partners are Petro-Canada with a 60% interest and Teck Cominco Limited (Teck) with a 20% interest. In addition, UTS holds a 50% interest in 148,480 and 94,080 acres, respectively, of exploration lands to the east and west of the Athabasca River. [1]

Junior player in the Alberta oil sands.

The Company has managed to attract partners for financing while retaining a large ownership stake,

The rumour mill constantly floats the Company as a potential takeout for others wanting to enter the tar sands .

UTS’ principal focus is the production and upgrading of bitumen from the oil sands deposits associated with the Fort Hills oil sands project (“Fort Hills Project” or “FHP”) and the development of other lands.

''''Partnerships the key to meeting billion dollar Development Costs''''

UTS holds a 20% interest in the Fort Hills Project through its interests in Fort Hills Energy Corporation (“FHEC”) and the Fort Hills Energy Limited Partnership (“Fort Hills Partnership”). The other Fort Hills Partners are Petro-Canada with a 60% interest and Teck Cominco Limited (“Teck Cominco”) with a 20% interest. Petro-Canada Oil Sands Inc. (“PCOSI”) is the contract operator for the Fort Hills Project.

Expansion Possibilities

Beyond the Fort Hills Project, UTS has expanded the scope of its opportunities through exploration and continued evaluation of the development potential of its other leases acquired jointly with Teck Cominco. These other leases are expected to provide organic growth opportunities and future funding flexibility for UTS. On March 25, 2008, UTS released its preliminary development plans for the new Equinox and Frontier oil sands mining projects.

UTS has the right to participate in future expansions of the Sturgeon Upgrader makes it a strategic asset for the development of its other leases and potentially for processing third party bitumen on a merchant basis.

Together with Petro-Canada and Teck Cominco, the Company plans to develop, mine, extract, upgrade, and market synthetic crude oil from the oil sands underlying Leases 5, 8, and 52 (the “FHP Leases”), which encompass approximately 46,000 contiguous acres approximately 90 kilometers north of Fort McMurray, Alberta. These Leases are adjacent to Syncrude’s North Aurora Mine and north of Albian’s Muskeg River Mine. The Fort Hills Project is one of the last major undeveloped oil sands mining resources. The resource is well defined, with a 4.0 billion barrel resource estimate (Sproule Associates Limited (“Sproule”) 2007 Best Estimate) and attractive development options. In addition, the Partnership holds Leases 437, 438 and 634 underlying approximately 14,400 acres contiguous to the Fort Hills Project.

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