Athabasca Oil Sands

Latest Athabasca Oil Sands News

• Closed the sale of its 40% interest in the MacKay River project for gross proceeds of $680 million on March 15, 2012.
• Completed construction of the 100% owned, 63 kilometre 12-inch pipeline connecting the Kaybob assets to the Keyera Simonette gas processing facility.
• Successfully completed the Oil Sands winter drilling program under budget with a total of 99 wells drilled.

• 40% interest in the MacKay River oil sands project to Cretaceous Oilsands Holdings Limited for cash consideration of $680 million (Cdn.).
• As a result of the sale of its MacKay River interest, Athabasca has retired all outstanding debt.

• The company has filed its financial statements for the 12 month period and management's discussion and analysis (MD&A) for the three and 12 month periods ended December 31, 2011.
• All of Athabasca's wholly-owned oil sands projects have progressed on schedule in 2011.

• Athabasca Oil Sands Corp. provide a light oil operations update for its Kaybob property located in the Deep Basin area of northwestern Alberta.

• Athabasca announces that it has exercised its option to divest its 40% interest in the MacKay River oil sands project to a wholly owned subsidiary of PetroChina International Investment Limited

• The MacKay River project is assisted gravity drainage project with Phase 1 expected to produce 35,000 bbl/d of oil.
• Construction of the project will begin next month with start-up targeted for 2014.

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