Jan 27 (Reuters) - Athabasca Oil Corp ATH.TO :
* Announces C$475 million (net) light oil joint venture with Murphy Oil and
exceeds 2015 corporate exit guidance
* Agreement with Murphy Oil Co unit to Murphy Oil Corp (N:MUR) to form strategic joint
venture to develop duvernay,montney in kaybob area
* Deal for C$475 million net (C$800 million gross) consideration
* Unit will pay approximately C$250 million in cash to Athabasca at closing
* Says Athabasca will retain operatorship of the regional midstream
infrastructure in the near term
* Additional consideration of C$225 million will be in form of capital carry in
duvernay
* Murphy will fund 75% of athabasca's share of development capital up to a
maximum five year period
* Under deal,says co is selling a 70% working interest in production, acreage
and infrastructure within the greater kaybob area
* Source text for Eikon ID:nMKWWBCgMa
* Further company coverage ATH.TO