The Fort McKay First Nation Seeks Permission to Appeal the Dover Commercial
CALGARY, Sept. 5, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH) (Athabasca
or AOC) reports the Fort McKay First Nation seeks permission to appeal the
Dover Commercial Project approval.
As previously reported, on August 6, 2013 the Alberta Energy Regulator (AER)
approved the Dover Commercial Project noting that "the Project represents an
economic opportunity, not only for Dover but also for Alberta, and will have a
positive impact on the Province's economy".
The Fort McKay First Nation (FMFN) has filed a notice seeking permission from
the Court of Appeal of Alberta to appeal the AER's decision. Athabasca expects
that submissions relating to this application will be pursued over the next
two months, subject to the Court's calendar.
The Dover Commercial Project, which is operated by Brion Energy Corporation,
is a joint venture between Athabasca and Phoenix Energy Holdings Limited
"We are not surprised by FMFN's decision to seek permission to appeal the
Alberta Energy Regulator decision. This is a right they have under Alberta's
Responsible Energy Development Act. The Alberta Energy Regulator decision was
made after a public hearing where all parties' arguments were carefully
considered resulting in a favourable decision," said Sveinung Svarte, AOC's
president and chief executive officer. Notwithstanding the application for
leave to appeal, we expect that the final approval process will continue to
progress, including receipt of Order in Council and approval from Alberta
About Athabasca Oil Corporation
Athabasca Oil Corporation is a dynamic, Canadian energy company with a diverse
portfolio of thermal and light oil assets. Situated in Alberta's Western
Canadian Sedimentary Basin, the Company has amassed a significant land base of
extensive, high quality resources. With 10.6 billion barrels of bitumen
resources (contingent resources, best estimate) and growing light oil
production, Athabasca is positioned to become a major oil producer.
Athabasca's common shares trade on the TSX under the symbol "ATH". For more
information, visit www.atha.com.
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", " "expect", "may", "would", "will", "believe", " 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 assumptions and expectations regarding the regulatory
approval process in respect of the Dover Commercial Project. 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
assumption and 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 expected process for, and timing of receipt of, regulatory
and government approvals for the Dover Commercial Project; With respect to
forward-looking information contained in this News Release, assumptions have
been made regarding the regulatory framework in Alberta and the impact that
the agreements that are between Athabasca and Phoenix in respect of the Dover
Commercial Project will have on the Company. Actual results could differ
materially from those anticipated in this forward-looking information.
SOURCE Athabasca Oil Corporation
Media and Financial Community Andre De Leebeeck Vice President,
Investor Relations and External Communications 1-403-817-8048
Financial Community Tracy Robinson Manager, Investor Relations
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CO: Athabasca Oil Corporation
-0- Sep/05/2013 17:19 GMT
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