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Athabasca Touts Duvernay Potential; Seeks JV Possibilities
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Athabasca Oil Corporation has reported its second quarter 2013 results.
Highlights: Capital expenditures during the second quarter totalled $143 million , $92 million in the Thermal Oil Division and $48 million in the Light Oil Division and the remainder for corporate assets; Production in the second quarter averaged 7,258 barrels of oil equivalent per day (boe/d), with an average production of 8,552 boe/d for June; Average netback during the second quarter was $36.55 per barrel of oil equivalent; In the Thermal Oil Division, construction at Hangingstone (HS) Project 1 continued as planned. Thermal Oil Division The HS Project 1, a 12,000 barrel per day (bbl/d) SAGD facility, construction budget remained on track with over 64% of the project costs committed. Engineering and procurement…- ✓ Full news archive — U.S., Canada & international coverage
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