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BRIEF-Athabasca Oil provides operations update

Published 2015-09-28, 06:08 a/m
© Reuters.  BRIEF-Athabasca Oil provides operations update
ATH
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Sept 28 (Reuters) - Athabasca Oil Corp ATH.TO :
* Provides operations update
* Says has already achieved the low-end of its 2015 year-end thermal oil exit
guidance of 3,000 - 6,000 bbl/d
* Reiterates 2015 light oil capital guidance of $203 million and exit rate
guidance of 7,000-8,000 boe/d (December average)
* Says anticipates 2015 year-end funding in place in excess of $800 million
* Production is expected to ramp up to the planned 12,000 bbl/d in Q4 2016 with
no additional development capital required
* Says bitumen production has averaged 3,200 bbl/d to date in September with
current production in excess of 4,000 bbl/d
* Says completions operations in the duvernay are expected in October with an
on-stream date in Q1 2016

* Source text for Eikon ID:nMKWXnw0Ka

* Further company coverage ATH.TO

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