Athabasca announced that it has received the final payment ($139 mm) from Brion Energy Corporation (PetroChina) for consideration of the sale of ATH's remaining 40% stake in Dover in 2014, thus bringing to a conclusion the relationship between Athabasca and PetroChina that began with the announcement of the $1.9 billion oilsands JV transaction in late 2009.
29 Aug 2016
RECEIVES FINAL PAYMENT FROM BRION (PETROCHINA)
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RECEIVES FINAL PAYMENT FROM BRION (PETROCHINA)
Athabasca Oil Corporation (ATH:TSE) | 0 0 -2.8% | Mkt Cap: 535.3m
- Published:
29 Aug 2016 -
Author:
Michael P. Dunn -
Pages:
2
Athabasca announced that it has received the final payment ($139 mm) from Brion Energy Corporation (PetroChina) for consideration of the sale of ATH's remaining 40% stake in Dover in 2014, thus bringing to a conclusion the relationship between Athabasca and PetroChina that began with the announcement of the $1.9 billion oilsands JV transaction in late 2009.