Athabasca Oil Corporation green-lights $536M Hangingstone SAGD oil sands project
Green Car Congress
NOVEMBER 28, 2012
The Board of Directors of Canada-based Athabasca Oil Corporation has given the go-ahead to the company’s $536-million Hangingstone 1 SAGD (steam-assisted gravity drainage) Project; the company also reaffirmed that its Light Oil Division is on track to meet its year-end production target of 10,000 to 11,000 barrels of oil.
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