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 [...]
CALGARY, ALBERTA--(Marketwired - Mar 10, 2016) - Athabasca Oil Corp. (TSX:ATH) ("Athabasca" or "the Company") is pleased to provide its fourth quarter and 2015 year-end financial and operating results in conjunction with its year-end reserves and resource information. Athabasca achieved several significant strategic and operational milestones in both its Light Oil and Thermal Oil divisions despite exceptionally [...]
CALGARY, ALBERTA--(Marketwired - Mar 3, 2016) - Athabasca Oil Corp. (TSX:ATH) ("Athabasca" or "the Company") will release its fourth quarter and year-end 2015 results after market close on Thursday, March 10, 2016. A conference call to discuss the results will be held for the investment community on Friday, March 11, 2016 at 7:00am MT (9:00am ET). Conference Call Details: Date: Friday, March 11, 2016 Time: 7:00am [...]
CALGARY, ALBERTA--(Marketwired - Jan 27, 2016) - Athabasca Oil Corp. (TSX:ATH) ("Athabasca" or "the Company") announces that it has entered into an agreement with Murphy Oil Company Ltd. (Canadian subsidiary to Murphy Oil Corp., "Murphy") to form a strategic joint venture (the "transaction") to develop the Duvernay and Montney in the Kaybob area. Transaction highlights: Greater Kaybob Assets. Athabasca is selling a 70 [...]
CALGARY, ALBERTA--(Marketwired - Dec 2, 2015) - Athabasca Oil Corp. (TSX:ATH) ("Athabasca" or "the Company") is pleased to announce that its Board of Directors has approved a 2016 capital budget of $91 million. This budget is closely aligned with Athabasca's key strategic priorities which include preserving a strong balance sheet to manage through economic cycles, demonstrating execution excellence in both core Light Oil [...]
CALGARY, ALBERTA--(Marketwired - Nov 4, 2015) - Athabasca Oil Corp. (TSX:ATH) ("Athabasca" or "the Company") is pleased to provide its third quarter 2015 financial and operating results. Highlights from the quarter and recent accomplishments: Corporate production - Third quarter production averaged 7,250 boe/d of which Light Oil accounted for 5,145 boe/d and Thermal Oil accounted for 2,105 bbl/d; Hangingstone - The [...]
CALGARY, ALBERTA--(Marketwired - Oct 20, 2015) - Athabasca Oil Corp. (TSX:ATH) ("Athabasca" or "the Company") will release its 2015 third quarter results after market close on Wednesday, November 4, 2015. A conference call to discuss the results will be held for the investment community on Thursday, November 5, 2015 at 7:30 a.m. MT (9:30 a.m. ET). Conference Call Details: Date: Thursday, November 5, 2015 Time: 7:30am MT [...]
CALGARY, ALBERTA--(Marketwired - Sept. 28, 2015) - Athabasca Oil Corp. (TSX:ATH) ("Athabasca" or "the Company") is pleased to provide an update on recent operational activities. Athabasca achieved first oil at Hangingstone in July. The Company now has 15 well pairs on production with an additional six well pairs on circulation. Bitumen production has averaged 3,200 bbl/d to date in September with current production in [...]
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