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Athabasca Shifting Its Duvernay to Development Stage
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Athabasca Oil Corporation has reported its second quarter 2014 financial and operating results.
Second quarter highlights: produced an average of 5,767 barrels of oil equivalent per day (boe/d) with 52% liquids, in line with guidance of 5,500 to 6,000 boe/d; obtained extended production results from two additional Duvernay wells at Kaybob West; 8-29-64-20W5 had an established 30-day restricted rate of 784 boe/d with a free condensate yield of 763 barrels per million cubic feet (bbls/mmcf) and the second well at 4-29-64-20W5 had an established 30-day restricted rate of 615 boe/d with a free condensate yield of 710 bbls/mmcf. Both wells support the Company's interpretation of the prospectivity of the volatile oil window where Athabasca has substantial acreage; reached 89% completion on…- ✓ Full news archive — U.S., Canada & international coverage
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