The transaction is expected to close on November 20, 2009.

Deal Value (US$ Million) 425
Deal Type                Private Placement
Sub-Category             None
Deal Status              Announced: 2009-11-16

Deal Participants

Target (Company)   OPTI Canada, Inc.
Acquirer (Company) Undisclosed Investors

Deal Rationale

OPTI Canada intends to use the net proceeds from the placement to repay its existing revolving credit facility. In addition, it will also use the proceeds to fund the Long Lake Project and for general corporate purposes.

Summary

OPTI Canada Inc. (OPTI) is an independent energy company. The company is developing integrated bitumen and heavy oil projects in Canada using OrCrude process. It is focused on development of oil sands reserves. OPTI operates in the Athabasca oil sands region. It has working interest in 385 sections of land, which is primarily on three leases: Long Lake, Leismer and Cottonwood. Currently the company retains a 35% working interest in projects. In 2008, the company sold 15% of its working interests its joint venture partner for $735 million, which is effective from January 1, 2009. The company is headquartered at Calgary, Canada.

The report is an essential source for key operational data, analysis and strategic insight into company. The report provides latest annual and quarterly overview of valuation, share price performance, production, reserves, reserve changes, capital expenditures, acreage, performance metrics, and results of oil & gas operations.

Scope

The report provides in-depth analysis and insights into companies' valuation, capital spending, revenues, oil and gas reserves, production, and performance measures. Its scope includes:

- The report provides detailed and unique insights information on the key operational parameters. The report provides a comprehensive overview of production, reserves, reserve changes, capital expenditures, acreage, performance metrics, and results of oil & gas operations.

- Provides analysis of the share price performance of the company and the key valuation multiples. The report provides a comprehensive overview of share price performance and key valuation metrics such as market capitalization, enterprise value, EV/Production ($/Boed), EV/Proved Reserve ($/MMboe), EV / EBITDA, and EV / EBITDA.

- Provides annual and quarterly information on key operational, valuation and financial parameters. Annual information is for the current and the last five years while the quarterly information is for the current and the last five quarters.

- The report provides detailed crude oil and natural gas reserves and production of the company by country.

- Contains in-depth and latest information on exploration, development, finding & development, acquisition expenditure, gross and net developed and undeveloped acreage position; key costs and revenue information; and performance metrics of the company.

Reasons to buy

The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to:

- Provides up-to-date information and in-depth analysis on operational parameters of the company.

- Identify M&A targets from up-to-date information and in-depth analysis on financial and operational parameters of your competitors.

- Rank your performance against other E&P companies using operational and financial benchmarking metrics.

- Formulate your strategies based on in-depth analysis of your competitors' financial and operational data.

- Exploit the strengths and weakness of your closest competitors by comparing and analyzing their financial and operational parameters.

- Establish relative performance among the industry's players based on key operational and financial measures.

Some of Topics Covered:

- Key Information

- OPTI Canada Inc., Valuation and Financial Data

- OPTI Canada Inc., Share Price Performance

- Share Price Performance, Q2, 2008-Q2, 2009

- OPTI Canada Inc., Key Valuation Metrics

- OPTI Canada Inc., Quarterly Production Trends

- Total Crude Oil Production Trend, Q2, 2008-Q2, 2009

- OPTI Canada Inc., Production and Reserves Trends

- Total Oil and Gas, Reserves and Production

- Allocation of the Upstream Capital Expenditure

- Upstream Capital Expenditure, 2003-08

- Acquisition Costs By Country/Region, 2003-08

- Exploration and Development Costs, By Country/Region, 2003-08

- Exploration and Development Wells Drilled, By Country/Region, 2003-08

- Developed Reserves per Well, Oil (Mbbls per Well), Gas (MMcf per Well), Oil & Gas (Mboe per Well), 2003-08

- Developed Reserves per Well, By Country/Region, 2003-08

- Oil and Gas Reserves

- Acreage and Well Information

- Net Debt / Cash Flow

- EV / EBITDA

- EBITDA / Share (Diluted)

- Price / Annualized CFPS

- Price / Annualized EPS (P/E Ratio)

- Shares Outstanding

- Debt / EV

- Avg. Net Debt / Boed

- Capex / Cash Flow

- Disclosure information

- List of Tables

- List of Charts

For more information visit http://www.researchandmarkets.com/research/7d1492/opti_canada_inc_o

CONTACT: Laura Wood, Senior Manager, Research and Markets Fax: +1 646 607 1907 (US) Fax: +353 1 481 1716 (Rest of World) e-mail: press@researchandmarkets.com

((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.

Expected next investor conference call information:
Conference Call Date: 10/28/2009
Conference Call Time (ET): 8:30 AM
Conference Call URL: http://www.opticanada.com/investors/presentations/

Summary

OPTI Canada Inc. (OPTI) is an independent energy company. The company is developing integrated bitumen and heavy oil projects in Canada using OrCrude process. It is focused on development of oil sands reserves. OPTI operates in the Athabasca oil sands region. It has working interest in 385 sections of land, which is primarily on three leases: Long Lake, Leismer and Cottonwood. Currently the company retains a 35% working interest in projects. In 2008, the company sold 15% of its working interests its joint venture partner for $735 million, which is effective from January 1, 2009. The company is headquartered at Calgary, Canada.

The report is an essential source for key operational data, analysis and strategic insight into company. The report provides latest annual and quarterly overview of valuation, share price performance, production, reserves, reserve changes, capital expenditures, acreage, performance metrics, and results of oil & gas operations.

Scope

The report provides in-depth analysis and insights into companies' valuation, capital spending, revenues, oil and gas reserves, production, and performance measures. Its scope includes:

The report provides detailed and unique insights information on the key operational parameters. The report provides a comprehensive overview of production, reserves, reserve changes, capital expenditures, acreage, performance metrics, and results of oil & gas operations. Provides analysis of the share price performance of the company and the key valuation multiples. The report provides a comprehensive overview of share price performance and key valuation metrics such as market capitalization, enterprise value, EV/Production ($/Boed), EV/Proved Reserve ($/MMboe), EV / EBITDA, and EV / EBITDA. Provides annual and quarterly information on key operational, valuation and financial parameters. Annual information is for the current and the last five years while the quarterly information is for the current and the last five quarters. The report provides detailed crude oil and natural gas reserves and production of the company by country. Contains in-depth and latest information on exploration, development, finding & development, acquisition expenditure, gross and net developed and undeveloped acreage position; key costs and revenue information; and performance metrics of the company.

Reasons to buy

The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to:

Provides up-to-date information and in-depth analysis on operational parameters of the company. Identify M&A targets from up-to-date information and in-depth analysis on financial and operational parameters of your competitors. Rank your performance against other E&P companies using operational and financial benchmarking metrics. Formulate your strategies based on in-depth analysis of your competitors' financial and operational data. Exploit the strengths and weakness of your closest competitors by comparing and analyzing their financial and operational parameters. Establish relative performance among the industry's players based on key operational and financial measures.

Some of Topics Covered:

Key Information OPTI Canada Inc., Valuation and Financial Data OPTI Canada Inc., Share Price Performance Share Price Performance, Q2, 2008-Q2, 2009 OPTI Canada Inc., Key Valuation Metrics OPTI Canada Inc., Quarterly Production Trends Total Crude Oil Production Trend, Q2, 2008-Q2, 2009 OPTI Canada Inc., Production and Reserves Trends Total Oil and Gas, Reserves and Production Allocation of the Upstream Capital Expenditure Upstream Capital Expenditure, 2003-08 Acquisition Costs By Country/Region, 2003-08 Exploration and Development Costs, By Country/Region, 2003-08 Exploration and Development Wells Drilled, By Country/Region, 2003-08 Developed Reserves per Well, Oil (Mbbls per Well), Gas (MMcf per Well), Oil & Gas (Mboe per Well), 2003-08 Developed Reserves per Well, By Country/Region, 2003-08 Oil and Gas Reserves Acreage and Well Information Net Debt / Cash Flow EV / EBITDA EBITDA / Share (Diluted) Price / Annualized CFPS Price / Annualized EPS (P/E Ratio) Shares Outstanding Debt / EV Avg. Net Debt / Boed Capex / Cash Flow Disclosure information List of Tables List of Charts

For more information visit http://www.researchandmarkets.com/research/018daf/opti_canada_inc_o

SOURCE: Research and Markets

Research and Markets 
Laura Wood, Senior Manager, 
press@researchandmarkets.com 
U.S. Fax: 646-607-1907 
Fax (outside U.S.): +353-1-481-1716