UTS Energy Corp. Company News

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Total E&P Concludes C$1.5B UTS Acquisition
Friday, October 01, 2010 Total E&P Canada has completed the acquisition of all of the outstanding shares of UTS for C$1.5B.

UTS Sells Oil Sands Assets to Imperial, ExxonMobil
Tuesday, November 03, 2009 UTS Energy is selling its 50% stake in three oil sands leases in northeastern Alberta to Imperial Oil and ExxonMobil in a deal valued at $231 million.

Derrick's Study Shows $20B of O&G Deals Currently on the Market
Thursday, May 28, 2009 Derrick has completed a comprehensive study of the Top 1000 global oil and gas companies and identified in excess of $20 billion of O&G assets currently for sale worldwide, consisting of 69 separately announced transactions.

Total's Offer to Aquire UTS Energy Expired, Terminated
Tuesday, April 28, 2009 Total's offer to acquire all of the outstanding common shares of UTS Energy Corporation expired on April 27.

UTS Confirms Rejection of Total's 'Inadequate' Offer
Friday, April 24, 2009 The Special Committee of the Board of Directors of UTS Energy Corporation has confirmed that Total's offer for UTS is inadequate and not in the best interest of the company.

Total Receives Investment Canada Approval for Proposed UTS Takeover
Wednesday, April 22, 2009 Total Canada has received approval from the Minister responsible for the Investment Canada Act in connection with Total's offer to acquire all of the issued and outstanding common shares of UTS Energy.

UTS Board Formally Rejects 'Inadequate' Takeover Bid by Total
Friday, April 17, 2009 UTS Energy's Board of Directors unanimously recommends that shareholders reject the revised unsolicited offer by Total E&P Canada.

Total E&P Canada Sweetens Deal to Acquire UTS Energy
Monday, April 13, 2009 Total E&P Canada has increased the consideration under its offer to acquire all of the outstanding common shares of UTS Energy Corporation.

Total E&P Canada Extends Offer to Acquire UTS Energy
Friday, March 27, 2009 Total E&P Canada has extended the expiry date of its offer to acquire UTS Energy from March 30 to April 16.

UTS Unveils 2009 Preliminary Drilling Results for Lease 421 Area
Tuesday, March 03, 2009 UTS Energy announced the 2009 drilling results from Leases 421, 022 and 023 located east of the Firebag River in northeastern Alberta.

Total's Oil Sands Targets Slip Back 1-2 Years
Monday, February 23, 2009 Total envisions delays on its Canadian oil sands projects, pushing back the company's expectations for ramping up production, the company's CEO said Monday.

Obama's Canada Visit Highlights Oil Sand Woes
Friday, February 20, 2009 President Barack Obama's visit to Ottawa on Thursday has helped focus attention on the upheaval taking place in Canada's energy industry.

UTS Takes Regulatory Steps for Oil Sands Projects
Friday, February 20, 2009 UTS and its partner Teck Cominco have worked closely with local communities to develop thorough and comprehensive content for its Frontier and Equinox Oil Sands applications, and have been issued the final Terms of Reference for the EIA report.

UTS Urges Shareholders to Reject Total's 'Inadequate' Unsolicited Offer
Monday, February 09, 2009 UTS' Board of Directors unanimously recommends that shareholders reject Total E&P Canada Ltd.'s unsolicited offer to acquire UTS.

UTS Fires Up Heavy Drilling Program in Firebag Oil Sands Leases
Friday, February 06, 2009 UTS is continuing delineation drilling in its Firebag oil sands leases, where the company has received encouraging results, and anticipates drilling approximately 55 core holes in total during the first quarter of 2009.

UTS Adds Another Oil Sands Project to Contingent Bitumen Resource Status
Thursday, February 05, 2009 UTS added its Frontier Project to its contingent bitumen resource status following the results of an independent review of bitumen resources for its three major oil sands projects.

Total to Acquire All Common Shares of Canadian Oil Sands Co. UTS Energy
Friday, January 30, 2009 Total has commenced its previously announced offer to acquire all of the outstanding common shares of UTS Energy.

Total Lauches Bid for Canadian Co to Consolidate Oil Sands Assets
Wednesday, January 28, 2009 Total E&P Canada is launching a public offer for UTS Energy Corp., which has a 20% stake in the Fort Hills Project, located in the Athabasca region of Alberta.

UTS Mulls Total's Unsolicited Take-Over Proposal
Wednesday, January 28, 2009 UTS is reviewing the unsolicited take-over proposal announced by Total S.A.

Suncor Slows Oil-Sands Project, Others May Follow
Friday, October 24, 2008 With other delays expected to follow Suncor's announcement, oil-sands output forecasts could be lowered once more, further curtailing the amount of crude intended for the U.S. and undermining Canada's appeal as an alternative to Middle East Crude.

UTS Ups Oil Sands Acreage with 2 New Leases
Thursday, July 17, 2008 UTS Energy purchased two additional oil sands leases, 022 and 023, in the Athabasca Oil Sands Area, comprising a total of 21,760 acres.

Petro-Canada Garners Extra 5% Stake in Fort Hills Oilsands Project
Thursday, September 20, 2007 Petro-Canada has concluded an agreement to earn an additional 5% working interest in the Fort Hills oil sands project, bringing the Company's total stake to 60%.

Teck Cominco, UTS Update Athabasca Land Acquisition
Monday, January 15, 2007 Teck Cominco Limited and UTS Energy Corporation said that they have jointly acquired a total of 18 new leases in the Athabasca Oil Sands Region of Alberta on a 50:50 basis.

Baraka Completes Taoudeni Survey
Monday, November 13, 2006 Baraka Petroleum Limited has completed its aeromagnetic and radiometric airborne survey totaling 235,234 line km over its five blocks in the Taoudeni Basin, Mali, West Africa. These blocks cover a total area of 193,200 km2 and extend along the Maur

Fort Hills Partnership to Purchase Oil Sands Leases 437 and 438
Thursday, February 09, 2006 Fort Hills Energy Limited Partnership has purchased two additional oil sands leases for $60 million.

UTS Acquires Stake in Fort Hills Oil Sands Project
Tuesday, April 20, 2004 The acquisition of TrueNorth Energy will result in UTS Energy owning 100% of the Fort Hills oil sands project.