Key Developments: Athabasca Oil Corp (ATH.TO)

ATH.TO on Toronto Stock Exchange

8.42CAD
23 Apr 2014
Price Change (% chg)

$0.09 (+1.08%)
Prev Close
$8.33
Open
$8.37
Day's High
$8.47
Day's Low
$8.33
Volume
1,591,103
Avg. Vol
1,583,087
52-wk High
$8.84
52-wk Low
$5.47

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Latest Key Developments (Source: Significant Developments)

Athabasca Oil Corporation exercises Dover put option
Thursday, 17 Apr 2014 12:45pm EDT 

Athabasca Oil Corporation:Exercises option to divest 40 pct interest in Dover Commercial Project (DCP) to Phoenix Energy Holdings Limited (Phoenix) for cash consideration of C$1.32 bln.Pursuant to terms of its Feb. 10, 2010 Put/Call option agreement with Phoenix, Athabasca's option to sell was triggered by issuance of Alberta Environment's approval of DCP under Alberta Environment Protection and Enhancement Act on April 16.  Full Article

Athabasca Oil Corporation gives Q2 2014 production guidance
Wednesday, 19 Mar 2014 06:15am EDT 

Athabasca Oil Corporation:Sees Q2 2014 production is expected to be in the range of 5,500 to 6,000 boe/d.  Full Article

Athabasca Oil Corporation announces appointment of chairman
Friday, 14 Mar 2014 06:00am EDT 

Athabasca Oil Corporation:Appointment of Thomas Buchanan as Chairman of board replacing William Gallacher, effective March 14.Gallacher has chosen to resign from Athabasca's board to concentrate on his other endeavours.  Full Article

Athabasca Oil Corporation announces staff reductions
Thursday, 6 Mar 2014 07:00pm EST 

Athabasca Oil Corporation:Says that as part of its continuing focus on capital discipline, it has decided to reduce its workforce by about 15 pct., predominantly in the Calgary office.Reductions largely affect employees associated, directly or indirectly, with projects for which funding will not be allocated in the near term.  Full Article

Athabasca Oil Corp announces management change
Wednesday, 8 Jan 2014 06:00am EST 

Athabasca Oil Corp:Says that Kim Anderson has accepted an appointment to become the company's Chief Financial Officer, replacing Brent Heagy who has chosen to leave the company to pursue an opportunity as a CFO with Inter Pipeline Ltd.Says Heagy will be staying with the company until mid-Feb in order to ensure a smooth transition of his responsibilities.  Full Article

Athabasca Oil Corp closes sale of its 50 pct interest in the Light Oil Infrastructure
Monday, 23 Dec 2013 05:40pm EST 

Athabasca Oil Corp:Says it has closed its previously announced sale of a 50 pct interest in the Kaybob area light oil infrastructure to a third-party for cash consideration of $145 million.Athabasca retains a 50 pct interest in these infrastructure assets and remains operator.  Full Article

Athabasca Oil Corp Issues Q4 2013 Production Guidance
Wednesday, 30 Oct 2013 06:00am EDT 

Athabasca Oil Corp announced that it expects production to average 6,500-7,000 boe/d in the fourth quarter of 2013.  Full Article

Athabasca Oil Corp Enters Into Option Agreement To Sell Portion Of Its Light Oil Infrastructure
Wednesday, 18 Sep 2013 06:00am EDT 

Athabasca Oil Corporation announced that it has entered into an option agreement with a third party giving the right to Athabasca, at its discretion, to sell up to a 50% interest in its Kaybob area light oil infrastructure for cash consideration of up to $145 million. Under the terms of the agreement, AOC has the right on or before December 31, 2013 to sell to the counterparty a 25% to 50% working interest in AOC's light oil pipeline and other infrastructure assets in the Kaybob area of northwestern Alberta. If Athabasca decides to sell a 50% interest in its Kaybob area infrastructure assets, AOC's cash proceeds would be $145 million.  Full Article

Athabasca Oil Corp Announces Departure Of President
Monday, 6 May 2013 12:21pm EDT 

Athabasca Oil Corp announced that Mr. Bryan Gould, President, has left the Company. Effective immediately, Mr. Svarte will assume the responsibilities of president, in conjunction with his role as chief executive officer.  Full Article

Athabasca Oil Corp Announces Appointment Of Chief Financial Officer
Wednesday, 6 Mar 2013 06:00am EST 

Athabasca Oil Corp announced that Brent Heagy, joins the Company as the Chief Financial Officer. As previously announced, on November 28, 2012 , the Company's current Chief Financial Officer, Mr. Rob Harding , will assume the role of Vice-President, Corporate Services. In his new role, Mr. Harding will be responsible for human resources, information technology and office services & facilities.  Full Article

Athabasca, PetroChina oil sands project approved

CALGARY, Alberta, March 13 - The Dover oil sands project backed by Athabasca Oil Corp and PetroChina has received Alberta government approval, the second-last step needed before Athabasca can sell its share of the project to its Chinese partner for C$1.32 billion ($1.2 billion).

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