Athabasca Oil Corporation, formerly Athabasca Oil Sands Corp., is focused on the exploration and development of unconventional oil resource plays in Alberta, Canada. The Company is organized into two divisions: thermal oil and light oil. Thermal oil includes the Company�s assets, liabilities and operating results for the exploration, development and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta. Light oil includes the Company�s assets, liabilities and operating results for the exploration, development and production of unconventional oil, natural gas and natural gas liquids located in various regions in the province of Alberta. Athabasca has accumulated more than 1.5 million (net) acres of oil sands leases in the Athabasca area of northern Alberta. The Company�s oil sands projects are Hangingstone (100%), Dover West Sands (100%), Dover West Carbonates (100%), Dover (40%), Birch (100%) and Grosmont (50%).