Athabasca Oil Corporation announces the departure of its President and the creation of an Executive Operations and Development Committee

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[{"type":"text","content":"\n\n\n\n\n\nCALGARY, May 6, 2013 /CNW/ - Athabasca Oil Corporation (TSX:  ATH)\n announces that Mr. Bryan Gould, president, has left the Company.\n\n\n\"We appreciate the many contributions that Bryan made during his time\n with Athabasca and wish him all the best in his future endeavours.\"\n said Mr. Sveinung Svarte, chief executive officer.\n\n\nEffective immediately, Mr. Svarte will assume the responsibilities of\n president, in conjunction with his role as chief executive officer. The\n company has formed an executive operational and development committee,\n which is comprised of Mr. Svarte, Mr. Rob Broen, senior vice president\n light oil, Mr. Ian Atkinson, senior vice president thermal oil, Mr.\n Rick Koshman, vice president projects, Mr. Brent Heagy, chief financial\n officer, and Mr. Rob Bowie, vice president corporate development. The\n committee is intended to refine the company's operational performance\n plan, targeting top tier operational performance while incorporating\n operational flexibility consistent with corporate financing.\n\n\nAthabasca's Board of Directors has appointed one of its members, Mr.\n Ronald Eckhardt, to chair the committee. Mr. Eckhardt has extensive\n experience in the oil and gas industry, including working as an\n executive vice president of a major Canadian oil and gas producer.\n\n\nAs previously reported, Athabasca continues its development of the\n Hangingstone 12,000 barrel per day SAGD project and the production\n operations of the Light Oil Division. It will consider the Dover West\n SAGD and TAGD projects as well as additional development of the Light\n Oil asset upon assurance of additional funding through either a joint\n venture and/or the exercise of the Dover put option.\n\n\n\n\n\nReader Advisory:\n\n\nThis News Release contains forward-looking information that involves\n various risks, uncertainties and other factors. All information other\n than statements of historical fact is forward-looking information. The\n use of any of the words \"anticipate\", \"plan\", \"continue\", \"estimate\",\n \"expect\", \"may\", \"will\", \"project\", \"should\", \"believe\", \"predict\",\n \"pursue\" and \"potential\" and similar expressions are intended to\n identify forward-looking information. The forward-looking information\n is not historical fact, but rather is based on the Comp...

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