Athabasca Oil Posts Lower Capital Budget for 2018, but Expects Higher Production

SUGAR LAND--December 8, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Athabasca Oil Corporation (TSX:ATH) (Calgary, Alberta) has announced a $140 million budget for 2018, and a production outlook of 38,500 to 41,000 barrels of oil equivalent per day (BOE/d). The budget is substantially lower than the $210 million projected for full-year 2017, although the production is expected to be about 15% higher. Industrial Info is tracking $10 billion in active projects involving Athabasca Oil.

Within this article: Details on some of Athabasca's projects proposed for Alberta's oil sands.