Athabasca Oil Corporation resumes operations at Hangingstone

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Athabasca Oil Corporation (TSX:ATH) (“Athabasca” or the “Company”) has resumed operations at Hangingstone following a shutdown on May 5th due to the wildfires in the Fort McMurray region. There has been no damage to Athabasca’s assets. Prior to the shutdown, production volumes reached in excess of 9,000 bbl/d. The Company expects the reservoir to re-pressurize to normal operating levels over the next several weeks with no anticipated long-term impacts. Athabasca will continue to work closely with the province, region and industry to monitor and manage the fire risk.

About Athabasca Oil Corporation

Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development 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”.

 

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