CALGARY, March 6, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH) is pleased to provide an update of its light oil operations in the Fox Creek area of the Alberta Deep Basin.In December 2012, the Light Oil Division achieved its goal with production rates of greater than 10,000 barrels of oil equivalent per day (boe/d) comprised of approximately 50 percent oil and condensate.Daily oil and gas production ramped up during [...]
CALGARY, March 6, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH) announces the following executive appointments to bolster its evolution into development and production activities.In response to rapid growth in Athabasca's Thermal Oil and Light Oil divisions, the Board of Directors is pleased to announce the addition of Brent Heagy, CA, to its executive management team. Effective March 11, 2013, Mr. Heagy joins the [...]
CALGARY, Jan. 17, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH) announces Bryan Gould, president, will speak at the CIBC Whistler Institutional Investor Conference on Wednesday, January 23, 2013 at 1:40 p.m. PT. The fireside questions and answer chat will include updates on Athabasca's thermal oil assets, activities in light oil and future growth opportunities. To listen to this online event, please [...]
CALGARY, Jan. 4, 2013 /CNW/ - Sveinung Svarte, chief executive officer, will present at the BMO Capital Markets Unconventional Resource Conference on Tuesday, January 8, 2013 at 4:30 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 this online event, please [...]
CALGARY, Dec. 17, 2012 /CNW/ - Athabasca Oil Corporation (TSX: ATH) is pleased to announce its 2013 capital budget and production guidance. The Company plans to invest $798 million to develop its Light Oil and Thermal Oil assets in Alberta. Capital expenditures will be financed from cash-on-hand, low-interest debt and cash flow from production. Athabasca reaffirms that it is on track to exit 2012 with 10,000 to 11,000 [...]
CALGARY, Dec. 14, 2012 /CNW/ - Athabasca Oil Corporation (TSX: ATH) will issue its 2013 capital budget and production guidance on Monday, December 17, 2012 before the market opens.A conference call and webcast to discuss the 2013 capital budget will be held for the investment community and media on December 17, 2012 at 7:30 a.m. MT (9:30 a.m. ET). To participate, please dial 888-231-8191 (toll-free in North America) or [...]
CALGARY, Dec. 5, 2012 /CNW/ - Rick Koshman, vice president projects & thermal operations and Gary McMurren, director light oil, will present at the 2012 Canadian Association of Petroleum Producers Investment Symposium in Toronto, Ontario on Tuesday, December 11, 2012 at 2:00 pm ET and on Wednesday, December 12, 2012 at 1:30 pm ET. The presentation will include information detailing Athabasca's thermal oil assets [...]
CALGARY, Nov. 28, 2012 /CNW/ - Athabasca Oil Corporation (TSX: ATH) announces the sanction of its Hangingstone 1 SAGD Project and reaffirms that its Light Oil Division is on track to meet its year-end production target of 10,000 to 11,000 barrels of oil equivalent (boe/d). In response to achieving these significant corporate milestones, the Board of Directors announces executive appointments, effective immediately, to [...]
/NOT FOR DISSEMINATION IN THE UNITED STATES/CALGARY, Nov. 19, 2012 /CNW/ - Athabasca Oil Corporation (TSX: ATH) is pleased to announce the closing of its previously announced offering of Senior Secured Second Lien Notes. Athabasca has issued C$550 million principal amount of Senior Secured Second Lien Notes at par, which bear interest at a rate of 7.50% per annum and mature on November 19, 2017. The Notes were offered in [...]
/NOT FOR DISSEMINATION IN THE UNITED STATES/CALGARY, Nov. 9, 2012 /CNW/ - Athabasca Oil Corporation (TSX: ATH) is pleased to announce the pricing of its previously announced offering of Senior Secured Second Lien Notes. Athabasca will issue $550 million Senior Secured Second Lien Notes at par, which will bear interest at a rate of 7.50% per annum and will mature on November 19, 2017. The Notes were offered in each [...]
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/CALGARY, Nov. 5, 2012 /CNW/ - Athabasca Oil Corporation (TSX: ATH) announces that it intends to issue, on a private placement basis, up to C$600 million in aggregate principal amount of senior secured second lien notes which will be due in 2017. Athabasca may issue the notes in connection with this private placement offering [...]
CALGARY, Oct. 31, 2012 /CNW/ - Athabasca Oil Corporation (TSX: ATH) today reported third quarter 2012 operational results.Athabasca achieved several significant milestones, delivering value to its shareholders:The Energy Resources Conservation Board approved the development of the Thermal Oil Division's 12,000 barrels per day (bbl/d) Hangingstone Project 1, and Alberta Environment and Sustainable Resource Development [...]