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Wednesday, Aug 7
Alberta's energy regulator OKs Athabasca's Dover oil sands project
- Athabasca Oil (ATHOF.PK) gains conditional approval from Alberta's energy regulator for its proposed Dover oil sands project.
- The approval triggers the company’s right under a put/call agreement to sell its remaining 40% of the Dover project to a PetroChina (PTR) subsidiary, with proceeds expected in Q4.
- Final approval is pending from the Alberta provincial cabinet and Alberta Environment.