CALGARY, March 16, 2015 /CNW/ - Athabasca Oil Corp. (TSX: ATH) ("Athabasca" or the "Company") announces that Sveinung Svarte has tendered his resignation from the Board of Directors effective March 16, 2015. The Company and its Board thanks Mr. Svarte for his valuable contributions and wish him well in his future endeavours. About Athabasca Oil Corporation Athabasca Oil Corp. is a Canadian energy company with a focused [...]
CALGARY, March 12, 2014 /CNW/ - Athabasca Oil Corp. ("Athabasca" or the "Company") (TSX: ATH) is pleased to report its fourth quarter and 2014 year-end financial and operating results in conjunction with its year-end reserves and resource information. 2014 highlights and recent accomplishments: Over $1.2 billion of funding in place1 including approximately $760 million of cash, cash equivalents and short-term investments [...]
CALGARY, March 2, 2015 /CNW/ - Athabasca Oil Corp. (TSX: ATH) ("Athabasca" or "the Company") announces that it has received payment of $302.5 million from Phoenix Energy Holdings Limited (now Brion Energy Corporation, "Brion"), being the principal and interest payable under the first of three promissory notes issued to the Company by Brion. The payment relates to Athabasca's prior sale of its 40% interest in the Dover oil [...]
CALGARY, Jan. 12, 2015 /CNW/ - Rob Broen, President & COO, will present at the TD Securities Energy Conference in London on Tuesday, January 13, 2015 at 5:00 am ET. Tom Buchanan, CEO, will present at the CIBC Institutional Investor Conference in Whistler on Wednesday, January 21, 2015 at 7:00 PM ET. To listen to an audio cast of the CIBC event, please visit Athabasca's website, www.atha.com or the following link below [...]
CALGARY, Jan. 7, 2015 /CNW/ - Athabasca Oil Corp. (TSX: ATH) ("Athabasca" or "the Company") is pleased to announce the appointment of Carlos Fierro and Paul Haggis to its Board of Directors ("Board"). The Board has also promoted Rob Broen, the Company's current Chief Operating Officer, to the position of President and Chief Operating Officer. Tom Buchanan continues as Athabasca's Chief Executive Officer. Mr. Fierro is a [...]
CALGARY, Dec. 2, 2014 /CNW/ - Athabasca Oil Corp.'s (TSX: ATH) ("Athabasca" or "the Company") Board of Directors has approved an initial 2015 capital budget of $266 million which includes $58 million of carryover from the 2014 budget. Athabasca's capital budget aligns with its strategic priorities, including delivering near-term production and cash flow growth from its cornerstone Kaybob Duvernay and Hangingstone assets [...]
CALGARY, Nov. 7, 2014 /CNW/ - Athabasca Oil Corp. (TSX: ATH) ("Athabasca" or "the Company") is pleased to report its third quarter 2014 financial and operating results, the initiation of a Board renewal process and an update on the continued implementation of its refined business strategy. Third quarter highlights: closed the Dover transaction for net proceeds of $1.2 billion. The Company has a very strong liquidity [...]
CALGARY, Oct. 31, 2014 /CNW/ - Athabasca Oil Corp. (TSX: ATH) ("Athabasca" or "the Company") will release its 2014 third quarter results on Friday, November 7, 2014. The news release will provide details of the 2014 third quarter operating and financial results. Athabasca's financial statements and management's discussion and analysis for the period ended September 30, 2014 will also be available electronically from [...]
CALGARY, Oct. 14, 2014 /CNW/ - Rob Broen, Chief Operating Officer, will present at the Canaccord Genuity Global Resources Conference in New York on Wednesday, October 15, 2014 at 2:40 pm ET. The presentation will be part of a panel discussion focused on the Duvernay shale play. To listen and view the Canaccord online event, please visit Athabasca's website, www.atha.com or the following link below [...]
CALGARY, Sept. 8, 2014 /CNW/ - Sveinung Svarte, President & CEO, will present at the Peters & Co. Limited Energy Conference in Toronto on Tuesday, September 9, 2014 at 3:40 pm ET. The presentation will include information detailing Athabasca's thermal oil assets, activities in light oil and future growth opportunities. To listen and view the Peters & Co. online event, please visit Athabasca's website, www.atha.com or [...]
CALGARY, Sept. 8, 2014 /CNW/ - Athabasca Oil Corp. (TSX: ATH) ("Athabasca" or "the Company") announces Board of Directors ("Board") and Executive changes, a strategic update and an increase to its 2014 capital budget. Concurrent with this release an updated corporate presentation has been posted on the Company's website. Board and Executive Changes The Company announces that Mr. Sveinung Svarte will be retiring as [...]
CALGARY, Aug. 29, 2014 /CNW/ - Athabasca Oil Corp. (TSX: ATH) ("Athabasca" or "the Company") announces that it has closed the sale of its 40% interest in the Dover oil sands project to Phoenix Energy Holdings Limited ("Phoenix"), a wholly owned subsidiary of PetroChina International Investment Limited, for net proceeds of $1,184 million. At closing, Athabasca received a cash payment of $600 million, in addition to three [...]