Key Developments: Athabasca Oil Corp (ATH.TO)

ATH.TO on Toronto Stock Exchange

1.56CAD
5 Feb 2016
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Latest Key Developments (Source: Significant Developments)

Athabasca Oil Corp announces C$475 million light oil joint venture with Murphy Oil
Wednesday, 27 Jan 2016 05:15pm EST 

Athabasca Oil Corp:Announces C$475 million light oil joint venture with Murphy Oil.Agreement with Murphy Oil Co unit to Murphy Oil Corp to form strategic joint venture to develop duvernay,montney in kaybob area.Deal for C$475 million net (C$800 million gross) consideration.Unit will pay approximately C$250 million in cash to Athabasca at closing.Says Athabasca will retain operatorship of the regional midstream infrastructure in the near term.Additional consideration of C$225 million will be in form of capital carry in duvernay.Murphy will fund 75% of athabasca's share of development capital up to a maximum five year period.Under deal,says co is selling a 70% working interest in production, acreage and infrastructure within the greater kaybob area.  Full Article

Athabasca Oil Corp Provides Operations Update
Monday, 28 Sep 2015 06:00am EDT 

Athabasca Oil Corp:Provides operations update.Says has already achieved the low-end of its 2015 year-end thermal oil exit guidance of 3,000 - 6,000 bbl/d.Reiterates 2015 light oil capital guidance of $203 million and exit rate guidance of 7,000-8,000 boe/d (December average).Says anticipates 2015 year-end funding in place in excess of $800 million.Production is expected to ramp up to the planned 12,000 bbl/d in Q4 2016 with no additional development capital required.Says bitumen production has averaged 3,200 bbl/d to date in September with current production in excess of 4,000 bbl/d.Says completions operations in the duvernay are expected in October with an on-stream date in Q1 2016.  Full Article

Athabasca Oil Corp reiterates FY 2015 corporate exit guidance
Monday, 10 Aug 2015 08:00am EDT 

Athabasca Oil Corp:Says that it reiterates its FY 2015 corporate exit guidance of 10,000 - 14,000 boe/d.  Full Article

Athabasca Oil Corp reaffirms FY 2015 production outlook
Thursday, 30 Jul 2015 05:37pm EDT 

Athabasca Oil Corp:Expects FY 2015 corporate year-end exit target remains between 10,000 - 14,000.  Full Article

Athabasca Oil Corp gives FY 2015 production outlook
Thursday, 12 Mar 2015 06:00am EDT 

Athabasca Oil Corp:Sees FY 2015 corporate year-end exit target is between 10,000 - 14,000 boe/d.  Full Article

Athabasca Oil Corp promotes COO to President
Wednesday, 7 Jan 2015 05:26pm EST 

Athabasca Oil Corp:Promotes Rob Broen, company's current Chief Operating Officer, to position of President and Chief Operating Officer.  Full Article

Athabasca Oil Corp reaffirms H2 2014 production guidance
Monday, 8 Sep 2014 06:00am EDT 

Athabasca Oil Corp:Maintains its guidance range of 6,000 - 6,500 boe/d for the H2 2014.  Full Article

Athabasca Oil Corp announces management change
Monday, 8 Sep 2014 06:00am EDT 

Athabasca Oil Corp:Says Sveinung Svarte to retire as President and Chief Executive Officer effective Sept. 30.Says Tom Buchanan, current Chairman of the Board, will assume the added responsibilities of President and CEO.  Full Article

Athabasca Oil Corp announces closing of Dover Transaction
Friday, 29 Aug 2014 01:53pm EDT 

Athabasca Oil Corp:Says it closed sale of 40 pct interest in Dover oil sands project to Phoenix Energy Holdings Limited, wholly owned subsidiary of PetroChina International Investment Limited, for net proceeds of $1,184 mln.  Full Article

Athabasca Oil Corp gives H2 2014 production guidance
Wednesday, 6 Aug 2014 06:00am EDT 

Athabasca Oil Corp:Says that its H2 2014 production guidance is between 6,000-6,500 boe/d.  Full Article

UPDATE 2-Athabasca cuts output as Alliance gas pipeline shutdown continues

CALGARY, Alberta, Aug 10 Athabasca Oil Corp said on Monday it has suspended about 84 percent of its light oil production, the latest Western Canadian producer to curb output after last week's shutdown of the Alliance Pipeline natural gas mainline.

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