A few clips from different sections of recent information posted by UTS, shows they also have risk. These aren't necessarily expected outcomes, just listed as possible risks within forward looking statments.

"UTS Management and the Board of Directors are continuing to investigate a wide range of strategic alternatives for UTS. We have been in and continue to have discussions with a number of financially capable organizations. Alternatives include, but are not limited to, selling all or part of our asset base, or partnering as we have in the past to keep ownership positions in these highpotential projects, while reducing our exposure and gaining financial flexibility.

CAPITAL MANAGEMENT

The Company’s objectives when managing capital are to safeguard the Company’s ability to continue as a going concern in order to pursue the acquisition, exploration and development of its oil sands properties or potential other business and to maintain a flexible capital structure for its projects for the benefit of its stakeholders. The Company considers the items included in shareholders’ equity and bank debt as capital. The Company is currently in the development stage and earns no operating revenue; as such the Company is dependent on external financing to fund its activities. The Company currently has no bank debt but has a credit line of $15 million which has been used to fund the $14,683,150 in letters of credit posted by the Company...

SALES OF ADDITIONAL SECURITIES

UTS may issue additional common shares or other securities to finance its interest in the Fort Hills Project, UTS’ exploration leases and certain of the Company's other capital expenditures. The constating documents of UTS permit it to issue an unlimited number of additional common shares. The Board of Directors of the Company has discretion to determine the issue price and the terms of issue of common shares. Such future issuances may be dilutive to investors. Holders of common shares have no pre-emptive rights under UTS' constating documents to participate in any future offerings of securities.

INSUFFICIENT FUNDING

Significant amounts of financing will be required to fund costs associated with the:

(i) design, development and construction of the Fort Hills Project, including costs associated with satisfying the conditions of the regulatory approvals, and amendments to the regulatory approvals which may be necessary to facilitate a revised scope of future

development;

(ii) development and construction of the Fort Hills Project so that commercial bitumen extraction operations commence; and

(iii) ongoing operation of commercial bitumen extraction operations at the Fort Hills Project. We believe we are financed until the first half of 2011 based on current expectations of Fort Hills cost profiles, schedules and other anticipated costs. At or before such time, UTS intends to finance further capital requirements from sales of equity securities, debt securities, borrowings through its partnership arrangement with Petro-Canada and Teck and possibly through the pledging and/or sale of UTS' interest in related assets such as the Equinox Project and the Frontier Project. Capital requirements are subject to capital market risks and a significant improvement in the global economies and financial markets. To the extent that the Company issues additional securities to fund its remaining share of operating and capital requirements, shareholders may suffer dilution."