| UTS Energy Corporation |  | UTS Energy is engaged in the exploration for and extraction of bitumen from Alberta's Athabasca oil sands region. UTS Energy Corporation holds a 20% stake in the Fort Hills Oil Sands Project, which has estimated reserves of 4 billion barrels of bitumen. UTS Energy Corporation acquired oil sands explorer True North Energy in 2004, giving UTS Energy 100% ownership of the Fort Hills Oil Sands Project. UTS Energy Corporation subsequently formed subsidiary Fort Hills Energy to develop the asset. Petro-Canada, one of Canada's largest oil producers, owns a 60% stake in the Fort Hills Oil Sands Project and is a development partner; Teck holds 20%. In 2009 French oil titan TOTAL tried to buy UTS Energy for $617 million, but was rebuffed by UTS Energy's board. | | Visit Website | | Office Address | 1000,350 - 7 Avenue SW,
Calgary, Alberta, T2P 3N9 Canada | | Phone | (403) 538-7030 | | Fax | (403) 538-7033 | | Executives | John D. Watson, Chairman | | William J. F.Roach, President, CEO, and Director |
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