Leases 421,022 and 023

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Latest Information
  • OIL Sands Leases Purhase Announced -(UTS )
    OIL Sands Leases Purhase Announced -(UTS )
    On 2011-03-08
  • Preliminary Drilling Results From the Lease421Area Announced -(UTS )
    Preliminary Drilling Results From the Lease421Area Announced -(UTS )
    On 2011-03-08
  • Asset Disposition Valued at C $250Million Closed -(UTS )
    UTS Energy Corporation Announce Completion of the Previously Announced Disposition of its 50PER Cent Working Interest in Alberta OIL Sands Lease Nos.421,022and023. the Leases are Located East of the Firebag River in North-Eastern Alberta. Imperial OIL and Exxonmobil Jointly Purchased Uts' Working Interest for C $250Million.
    On 2009-11-16
  • Firebag River Exploration Update -(UTS )
    UTS Energy Corporation Announced New Drilling Results From Leases421,022and023( the "Lease421Area")Located East of the Firebag River in Northeastern Alberta. These Leases are Owned Jointly With Teck Cominco on a 50: 50Basis. Eight Core Holes Have Been Drilled This Winter,of Which SIX Have Encountered OIL Sands Within the Mcmurray Formation. This is the Second Year of Drilling in Lease421Area for UTS and Teck,Having Previously Encountered High Grade OIL Sands During the 2008Drilling Program. CEO and President William Roach Commented,"WE Have now Drilled a Total of13 Core Holes Over the Last two Years and Encountered High Grade OIL Sands in11 of These,With OIL Sands Thickness Estimates of Between 10Metres and25 Metres,and Overburden Thicknesses Ranging From23 Metres to68 Metres. we are Continuing our Delineation Program in This Area and Anticipate Drilling Approximately55 Core Holes in Total During the First Quarter of 2009. Upon Completion of This Drilling Program,we Expect to Have Sufficient Data to Determine if the Potential Exists for a Fourth UTS OIL Sands Project,With the Results of These Analyses Available by Year End."
    On 2009-02-06