Athabasca Oil Corporation Closes Sale of its 50% Interest in the Light Oil Infrastructure

CALGARY, Dec. 23, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") has closed its previously announced sale of a 50% interest in the Kaybob area light oil infrastructure to a third-party for cash consideration of $145 million. Athabasca retains a 50% interest in these infrastructure assets and remains operator.

About Athabasca Oil Corporation

Athabasca Oil Corporation is a dynamic, Canadian energy company with a diverse portfolio of thermal and light oil assets. Situated in Alberta's Western Canadian Sedimentary Basin, the Company has amassed a significant land base of extensive, high quality resources. Athabasca's common shares trade on the TSX under the symbol "ATH". For more information, visit www.atha.com.

SOURCE: Athabasca Oil Corporation

For further information:

Media and Financial Community    
Andre De Leebeeck
Vice President, Investor Relations and
External Communications
1-403-817-8048
adeleebeeck@atha.com    

Financial Community
Tracy Robinson
Manager, Investor Relations
1-403-532-7446
trobinson@atha.com

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Athabasca Oil Corporation

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