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Athabasca Shares 2015 Guidance, Expands Duvernay Spending
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Athabasca Oil Corporation has announced Board of Directors and Executive changes, a strategic update and an increase to its 2014 capital budget. Concurrent with this release an updated corporate presentation has been posted on the Company's website.
Board and Executive ChangesThe Company announces that Mr. Sveinung Svarte will be retiring as President and Chief Executive Officer effective September 30th. Mr. Tom Buchanan, current Chairman of the Board, will assume the added responsibilities of President and CEO.
Tom Buchanan, Chairman of the Board said: "On behalf of the Board I would like to thank Sveinung for his role as one of the founders and for his visionary leadership and commitment to making Athabasca a premiere resource Company.
Since 2006, under his leadership Athabasca has…
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