Athabasca Oil Corporation announces the departure of its President and the creation of an Executive Operations and Development

Athabasca Oil Corporation announces the departure of its President and the 
creation of an Executive Operations and Development Committee 
CALGARY, May 6, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH) announces 
that Mr. Bryan Gould, president, has left the Company. 
"We appreciate the many contributions that Bryan made during his time with 
Athabasca and wish him all the best in his future endeavours." said Mr. 
Sveinung Svarte, chief executive officer. 
Effective immediately, Mr. Svarte will assume the responsibilities of 
president, in conjunction with his role as chief executive officer. The 
company has formed an executive operational and development committee, which 
is comprised of Mr. Svarte, Mr. Rob Broen, senior vice president light oil, 
Mr. Ian Atkinson, senior vice president thermal oil, Mr. Rick Koshman, vice 
president projects, Mr. Brent Heagy, chief financial officer, and Mr. Rob 
Bowie, vice president corporate development. The committee is intended to 
refine the company's operational performance plan, targeting top tier 
operational performance while incorporating operational flexibility consistent 
with corporate financing. 
Athabasca's Board of Directors has appointed one of its members, Mr. Ronald 
Eckhardt, to chair the committee. Mr. Eckhardt has extensive experience in the 
oil and gas industry, including working as an executive vice president of a 
major Canadian oil and gas producer. 
As previously reported, Athabasca continues its development of the 
Hangingstone 12,000 barrel per day SAGD project and the production operations 
of the Light Oil Division. It will consider the Dover West SAGD and TAGD 
projects as well as additional development of the Light Oil asset upon 
assurance of additional funding through either a joint venture and/or the 
exercise of the Dover put option. 
Reader Advisory: 
This News Release contains forward-looking information that involves various 
risks, uncertainties and other factors. All information other than statements 
of historical fact is forward-looking information. The use of any of the words 
"anticipate", "plan", "continue", "estimate", "expect", "may", "will", 
"project", "should", "believe", "predict", "pursue" and "potential" and 
similar expressions are intended to identify forward-looking information. The 
forward-looking information is not historical fact, but rather is based on the 
Company's current plans, objectives, goals, strategies, estimates, assumptions 
and projections about the Company's industry, business and future financial 
results. This information involves known and unknown risks, uncertainties and 
other factors that may cause actual results or events to differ materially 
from those anticipated in such forward-looking information. No assurance can 
be given that these expectations will prove to be correct and such 
forward-looking information included in this News Release should not be unduly 
relied upon. This information speaks only as of the date of this News Release. 
In particular, this News Release may contain forward-looking information 
pertaining to the Company's business plans and regulatory approvals in respect 
of its projects including the ERCB public hearing regarding the Dover 
Commercial Project and the potential outcome thereof. Actual results could 
differ materially from those anticipated in this forward-looking information 
as a result of the risk factors set forth in the Company's most recent Annual 
Information Form dated March 28, 2013 ("AIF") that is available on SEDAR at 
www.sedar.com, The forward-looking statements included in this News Release 
are expressly qualified by this cautionary statement. Athabasca does not 
undertake any obligation to publicly update or revise any forward-looking 
statements except as required by applicable securities laws. 
Sveinung Svarte Chief Executive Officer Telephone:(403) 237 9349 
Email:ssvarte@atha.com 
SOURCE: Athabasca Oil Corporation 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/May2013/06/c3938.html 
CO: Athabasca Oil Corporation
ST: Alberta
NI: OIL 2575 WNEWS  
-0- May/06/2013 16:21 GMT
 
 
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