Trading Symbol: UTS
CALGARY, Dec. 4 /CNW/ - UTS Energy Corporation ("UTS") today hosted an
Investor Day in Calgary.
Formal remarks were delivered by the following members of the UTS
Dennis Sharp, Chairman
Will Roach, President and Chief Executive Officer
Wayne Bobye, Vice President and Chief Financial Officer
Howard Lutley, Vice President, Mining and Extraction
Martin Sandell, Vice President, Engineering
Daryl Wightman, Vice President, Resource Development and
Cam Bateman, Manager, Regulatory and Government Affairs
The presentations were intended to provide investors with a more detailed
understanding of the Company's business and the market in which it operates.
The presentations are available on the UTS website at http://www.uts.ca.
UTS Energy Corporation, with a market cap of approximately $2.6 billion,
was instrumental in re-establishing the Fort Hills Oil Sands Project and is
the principal founder of the Fort Hills Energy Partnership.
The Company has two strategic areas of focus. Firstly, the development
and execution of the Fort Hills Project. UTS owns a 20 percent working
interest with partners, Petro-Canada with a 60 percent working interest and
Operator, and Teck Cominco with a 20 percent working interest. Secondly, the
Company is focused on the exploration and development of oil sands leases held
jointly by UTS and Teck Cominco. These lands consisting of potentially
mineable and in situ resources, if prospective, provide organic growth
opportunities and potentially future funding flexibility for UTS.
UTS Energy Corporation is based in Calgary, Alberta. The Company's common
shares (UTS) are traded on the Toronto Stock Exchange.
For further information:
For further information: Dr. William J. F. Roach, President and Chief
Executive Officer, or Wayne I. Bobye, Vice President and Chief Financial
Officer, at (403) 538-7030