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Athabasca Spins Bit at Duvernay, Kaybob Light Oil Prospects

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Athabasca Spins Bit at Duvernay, Kaybob Light Oil Prospects

Athabasca Oil Corporation reported third quarter 2012 operational results.

Highlights include:

The  Energy Resources Conservation Board approved the  development of  the Thermal Oil Division’s 12,000 barrels per day (bbl/d) Hangingstone Project 1, and Alberta Environment and Sustainable Resource Development Department approved its construction  under the Environmental Protection and Enhancement Act; The  Light Oil Division  completed construction and tie-in of its production facility at Kaybob West, bringing total Light Oil production to over 3,500 barrels of oil equivalent per day (boe/d). Behind-pipe production sits at more than 7,000 boe/d. The Light Oil Division expects to achieve its year-end exit rate of 10,000 to 11,000 boe/d; The Light Oil Division drilled and completed its…
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