CALGARY, March 13, 2014 /CNW/ - Athabasca Oil Corporation (TSX: ATH)
("Athabasca" or "the Company") is pleased to announce that Brion Energy
Corporation ("Brion") has received approval by the Lieutenant Governor
in Council for the Dover Commercial Project.
The Dover Commercial Project received Order in Council approval from the
Alberta cabinet on March 13, 2014. The project received conditional
approval from the Alberta Energy Regulator on August 6, 2013.
"The approval process has been long but we have achieved the expected
outcome," says Sveinung Svarte, CEO and President, Athabasca Oil
Corporation. "We now look forward to finalizing the approvals for the
project, including receipt of the Alberta Environment approval."
The Dover Commercial Project is a 250,000 barrel per day (bbl/d) Steam
Assisted Gravity Drainage project comprised of five phases, and is
operated by Brion, a joint venture between Athabasca and Phoenix Energy
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