Exploration & Production | Capital Markets | Capital Expenditure | Drilling Program
Athabasca Increases Capital Spend
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Athabasca Oil Corporation has reported its fourth quarter and 2014 year-end financial and operating results in conjunction with its year-end reserves and resource information.
2015 Budget and GuidanceAthabasca's Board of Directors has approved a full year 2015 capital budget of $305 million ($266 million initial budget and $39 million of carryover capital not spent in 2014).
This is an increase of $39 MM from Athabasca's December 3rd, 2014 budget announcement.
A core objective of Athabasca's 2015 capital program is to maintain balance sheet strength and the Company retains flexibility to adjust the program as needed through the balance of year.
2014 highlights and recent accomplishments:
Over $1.2 billion of funding in place1 including approximately $760 million of cash, cash…- ✓ Full news archive — U.S., Canada & international coverage
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