Agreement Reached with Fort McKay First Nation - WSMV Channel 4

Agreement Reached with Fort McKay First Nation

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE Athabasca Oil Corporation

CALGARY, Feb. 21, 2014 /CNW/ - Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or "the Company") is pleased to announce that Brion Energy Corporation ("Brion") has reached an agreement with Fort McKay First Nation ("FMFN") in regards to the Dover Commercial Project.

As a part of the agreement, the FMFN has agreed to remove all of its objections as they pertain to the Alberta Energy Regulator's approval of the Dover Commercial Project.

The Dover Commercial Project is a 250,000 barrel per day (bbl/d) Steam Assisted Gravity Drainage project comprised of five, 50,000 bbl/d phases, and is operated by Brion, a joint venture between Athabasca and Phoenix Energy Holdings Limited.

About Athabasca Oil Corporation
Athabasca Oil Corporation is a dynamic, Canadian energy company with a diverse portfolio of thermal and light oil assets. Situated in Alberta's Western Canadian Sedimentary Basin, the Company has amassed a significant land base of extensive, high quality resources. Athabasca's common shares trade on the TSX under the symbol "ATH". For more information, visit www.atha.com.

©2012 PR Newswire. All Rights Reserved.

Powered by WorldNow
WSMV
Powered by WorldNow CNN
All content © 2014, WSMV; Nashville, TN. (A Meredith Corporation Station) and WorldNow. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.