CALGARY, March 6, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH)
announces the following executive appointments to bolster its evolution
into development and production activities.
In response to rapid growth in Athabasca's Thermal Oil and Light Oil
divisions, the Board of Directors is pleased to announce the addition
of Brent Heagy, CA, to its executive management team. Effective March
11, 2013, Mr. Heagy joins the Company as the chief financial officer,
bringing more than thirty years of diversified financial experience in
the energy business.
Mr. Heagy played a key role in the recent sale of a Calgary-based
natural gas liquids (NGLs) infrastructure and logistics company,
creating significant value for shareholders. Mr. Heagy's multi-faceted
financial experience includes expertise in risk management, capital
markets and all aspects of financial and corporate compliance
As previously announced, on November 28, 2012, the Company's current
chief financial officer, Mr. Rob Harding, CMA, MBA, will assume the
role of vice-president, corporate services. In his new role, Mr.
Harding will be responsible for human resources, information technology
and office services & facilities.
"We acknowledge Mr. Harding's significant contribution in growing
Athabasca into a successful exploration and production company, and we
look forward to his continued leadership in his new roles and
responsibilities," said Sveinung Svarte, chief executive officer.
"I'm pleased to welcome Mr. Heagy to the management team," said Svarte.
"We look forward to benefiting from Mr. Heagy's business acumen, as he
assists Athabasca in developing its world class Thermal Oil and Light
About Athabasca Oil Corporation
Athabasca is a dynamic, Canadian company focused on the development of
oil resource plays in Alberta, Canada. The Company has accumulated an
extensive, high quality resource base suitable for the extraction of
thermal crude oil (bitumen) and light oil. Well financed and well
endowed with quality assets and talented people, Athabasca is poised to
become a major Canadian oil producer. It aspires to produce more than
200,000 boe/d by 2020, comprised of a 50/50 weighting of thermal and
light oil. Athabasca is traded on the TSX under the symbol "ATH."
SOURCE: Athabasca Oil Corporation
For further information:
Vice President, Communications & External Affairs
Andre De Leebeeck
Vice President, Investor Relations
Manager, Investor Relations