CALGARY, Feb. 21, 2014 /CNW/ - Athabasca Oil Corporation (TSX: ATH)
("Athabasca" or "the Company") is pleased to announce that Brion Energy
Corporation ("Brion") has reached an agreement with Fort McKay First
Nation ("FMFN") in regards to the Dover Commercial Project.
As a part of the agreement, the FMFN has agreed to remove all of its
objections as they pertain to the Alberta Energy Regulator's approval
of the Dover Commercial Project.
The Dover Commercial Project is a 250,000 barrel per day (bbl/d) Steam
Assisted Gravity Drainage project comprised of five, 50,000 bbl/d
phases, and is operated by Brion, a joint venture between Athabasca and
Phoenix Energy Holdings Limited.
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
Manager, Investor Relations