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Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

Athabasca Oil Corporation (AOC) is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. AOC’s segments include Light Oil and Thermal Oil. The Thermal Oil segment includes the Company’s assets, liabilities and operating results for the exploration, development and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta. It also consists of two operating oil sands steam assisted gravity drainage projects and a resource base of exploration areas in the Athabasca region of northeastern Alberta. The Light Oil segment includes its assets, liabilities and operating results for the exploration, development and production of light crude oil and medium crude oil, tight oil and conventional natural gas. Its Light Oil segment consists exclusively of the Duvernay in the Greater Kaybob area with about 155,000 gross acres across Kaybob West, Kaybob North, Kaybob East and Two Creeks.


TSX:ATH - Post by User

Bullboard Posts
Post by thunderboy05on Dec 17, 2013 7:13pm
345 Views
Post# 22016065

FMFN and savanna energy in joint venture 'T.SVY'

FMFN and savanna energy in joint venture 'T.SVY' According to Marketwire:
CALGARY, ALBERTA--(Marketwired - Dec. 16, 2013) - Savanna Energy Services Corp. ("Savanna") and Fort McKay First Nation ("Fort McKay") are pleased to announce that Fort McKay-Savanna Energy Services Limited Partnership ("Partnership") has agreed to an initial purchase of approximately $19.5 million of equipment, funded by a combination of cash and capital contributions by Fort McKay and Savanna, and a Partnership-specific credit facility. The Partnership will operate the equipment in the Regional Municipality of Wood Buffalo this winter drilling season. The Partnership was formed earlier this year to provide drilling, well servicing and coring services as well as oilfield rental equipment in this region.

IS IT JUST ME OR ISN'T IT CONVIENIENT THAT THE FMFNA RE COMPLAING ABOUT ATHABASCA GOING AHEAD WITH THEIR PROJECT WHILE THEY ARE IN THE BUSINESS OF OIL THEMSELVES?
Bullboard Posts