Athabasca Oil Corporation Closes Sale of its 50% Interest in the Light Oil
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
Financial Community Tracy Robinson Manager, Investor Relations 1-403-532-7446
To view this news release in HTML formatting, please use the following URL:
CO: Athabasca Oil Corporation
NI: OIL ORDER
-0- Dec/23/2013 22:30 GMT
Press spacebar to pause and continue. Press esc to stop.