RE:Joint Venture I believe they will do an IPO for the whole JV somewhere down the road, once they get production up to say 5k b/d and can get a valuation around $350M to $400M (maybe more depending on the operating netback & free cash flow this JV earns).
Then anybody can buy shares directly in this and 70% of the proceeds go into ATH coffers (after lucarative bonusses are paid out).
Its simple really, the more Cash they can accumualte, the higher the enterprise value goes and stock price has nowhere to go but up over time (if oil price can hold $75 to $85 and these incompetants finally finish the TMX).
my opinion only, do your own research.