Athabasca Oil Awaits Crucial Regulatory Decision

摘要

The future of Athabasca Oil Corp. rests in the hands of the Alberta Energy Regulator (AER), which is expected to make a regulatory decision in the coming days about the fate of the company's Dover oil sands project. If the project gets the go-ahead, it would automatically trigger a C$1.32 billion ($1.28 billion) sale of the Calgary-based company's 40% stake in the project to PetroChina, which already owns 60% of the Dover and McKay oil sands projects.