Athabasca Oil Corporation Closes Sale of its 50% Interest in the Light Oil Infrastructure CALGARY, Dec. 23, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") has closed its previously announced sale of a 50% interest in the Kaybob area light oil infrastructure to a third-party for cash consideration of $145 million. Athabasca retains a 50% interest in these infrastructure assets and remains operator. 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. Athabasca's common shares trade on the TSX under the symbol "ATH". For more information, visit www.atha.com. SOURCE Athabasca Oil Corporation Media and Financial Community Andre De Leebeeck Vice President, Investor Relations and External Communications 1-403-817-8048 firstname.lastname@example.org Financial Community Tracy Robinson Manager, Investor Relations 1-403-532-7446 email@example.com To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/December2013/23/c6559.html CO: Athabasca Oil Corporation ST: Alberta NI: OIL ORDER -0- Dec/23/2013 22:30 GMT
Athabasca Oil Corporation Closes Sale of its 50% Interest in the Light Oil Infrastructure
Press spacebar to pause and continue. Press esc to stop.