Handout/Athabasca Oil Sands Corp.Athabasca needs a WTI oil price of US$40 to US$60 per barrel to breakeven on its single wells in the region, though the company was transitioning to a different technique to drive down its costs.
Athabasca Oil Corp. is paying a bargain price for Statoil's northern Alberta oilsands assets, observers say. Statoil, a Norwegian national oil corporation, has likely invested billions of dollars in the oilsands, financial analysts said.
Athabasca Oil Corporation (TSX:ATH) ("Athabasca" or the "Company") is pleased to announce a balance sheet refinancing transaction which marks the conclusion of a series of strategic steps undertaken over the past year to transform the Company.
Athabasca Oil Corp. will maintain its light oil production while ramping up output to nameplate at its Hangingstone thermal oilsands project with a $91-million 2016 capital budget, it announced late Wednesday.
CALGARY, ALBERTA--(Marketwired - Nov. 3, 2016) - Athabasca Oil Corporation (TSX:ATH) ("Athabasca" or "the Company") is pleased to announce an upsizing of the previously completed Contingent Bitumen Royalty on its Thermal assets with Burgess ...