Athabasca Oil Corp.

CALGARY, ALBERTA--(Marketwired - Nov 3, 2016) - Athabasca Oil Corp. (TSX:ATH) ("Athabasca" or "the Company") is pleased to announce an upsizing of the previously completed Contingent Bitumen Royalty on its Thermal assets with Burgess Energy Holdings L.L.C. (the "Royalty") for additional cash consideration of $128.5 million. Including the initial Royalty, Athabasca has now raised total cash proceeds of $257 million through [...]

CALGARY, ALBERTA--(Marketwired - Aug 29, 2016) - Athabasca Oil Corp. (TSX:ATH) ("Athabasca" or "the Company") announces that it has received payment of $139 million from Phoenix Energy Holdings Limited (now Brion Energy Corporation, "Brion"), being the principal and interest payable under the final promissory note issued to the Company by Brion. The promissory note relates to Athabasca's prior sale of its 40% interest in [...]

CALGARY, ALBERTA--(Marketwired - Jul 27, 2016) - Athabasca Oil Corp. (TSX:ATH) ("Athabasca" or "the Company") is pleased to provide its 2016 second quarter results and an operations update. During the quarter the Company continued to progress its operational targets in both business divisions and bolstered its financial position through the closing of two strategic transactions. Athabasca's strategy positions the Company [...]

CALGARY, ALBERTA--(Marketwired - Jun 21, 2016) - Athabasca Oil Corp. (TSX:ATH) ("Athabasca" or the "Company") announces that at its annual general meeting of shareholders held on June 21, 2016, each of the six nominees proposed and recommended by the Company as a director were elected along with the appointment of Ernst & Young LLP as auditors. The Company has been made aware that one large individual shareholder, working [...]

CALGARY, ALBERTA--(Marketwired - June 20, 2016) - Athabasca Oil Corp. (TSX:ATH) ("Athabasca" or the "Company") is pleased to announce that it has granted a Contingent Bitumen Royalty to Burgess Energy Holdings L.L.C. ("Burgess") on its Thermal assets (the "Royalty") for total consideration of $129 million. Concurrently, the Company has repaid its US$221 million first lien term loan ("TLB") which is the first step towards [...]

CALGARY, ALBERTA--(Marketwired - May 24, 2016) - Athabasca Oil Corp. (TSX:ATH) ("Athabasca" or the "Company") has resumed operations at Hangingstone following a shutdown on May 5th due to the wildfires in the Fort McMurray region. There has been no damage to Athabasca's assets. Prior to the shutdown, production volumes reached in excess of 9,000 bbl/d. The Company expects the reservoir to re-pressurize to normal operating [...]

CALGARY, ALBERTA--(Marketwired - May 13, 2016) - Athabasca Oil Corp. (TSX:ATH) ("Athabasca" or the "Company") is pleased to announce the closing of the previously announced light oil joint venture with Murphy Oil Company Ltd. ("Murphy") in the Kaybob Area ("Murphy Transaction"). The transaction right sizes the Company's capital risk profile and puts it in a strong position to align its capital structure and operating [...]

CALGARY, ALBERTA--(Marketwired - May 6, 2016) - Athabasca Oil Corp. (TSX:ATH) ("Athabasca" or "the Company") is pleased to provide its 2016 first quarter results and an operations update. The Company continues to advance significant strategic and operational milestones in both its Light Oil and Thermal Oil divisions despite exceptionally challenging external market conditions. Q1 2016 operating and financial highlights [...]

CALGARY, ALBERTA--(Marketwired - May 5, 2016) - Athabasca Oil Corp. (TSX:ATH) ("Athabasca" or the "Company") has decided, in response to the elevated risk from the ongoing regional wildfires, to shut down the Hangingstone Project and evacuate all personnel. Over the past 24 hours, the Fort McMurray fire has advanced to the south and south east of the city. The fire front is estimated to be within 5 kilometers of the [...]

CALGARY, ALBERTA--(Marketwired - May 4, 2016) - Athabasca Oil Corp. (TSX:ATH) ("Athabasca" or "the Company") continues to monitor the wildfires in the greater Fort McMurray area. Our thoughts are with all the families and workers directly affected and those who continue to bravely fight the wildfire. Athabasca will continue to assist the community in any way possible. The Company has offered all available beds at the [...]