Athabasca Oil Closes Sale Of 50% Interest In Light Oil Infrastructure

Purchased 50% interest in the Kaybob area light oil infrastructure in Alberta's Western Canadian Sedimentary Basin.

Calgary-based Athabasca Oil Corp. (Toronto: ATH.TO) has closed its previously announced sale of a 50% interest in the Kaybob area light oil infrastructure to a third-party for cash consideration of $145 million. Athabasca retains a 50% interest in these infrastructure assets and remains operator.

Situated in Alberta's Western Canadian Sedimentary Basin, the company has amassed a significant land base of extensive, high quality resources.