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Athabasca Oil Corporation

10:00 AM EST - Athabasca Oil Corporation : reported third quarter 2012 operational results. Athabasca achieved several significant milestones, delivering value to its shareholders: The Energy Resources Conservation Board approved the development of the Thermal Oil Division's 12,000 barrels per day (bbl/d) Hangingstone Project 1, and Alberta Environment and Sustainable Resource Development Department approved its construction under the Environmental Protection and Enhancement Act. The Light Oil Division completed construction and tie-in of its production facility at Kaybob West, bringing total Light Oil production to over 3,500 barrels of oil equivalent per day (boe/d). Behind-pipe production sits at more than 7,000 boe/d. The Light Oil Division expects to achieve its year-end exit rate of 10,000 to 11,000 boe/d. Athabasca Oil Corporation shares T.ATH are trading up $0.02 at $12.15.