11:48 AM EST - Athabasca Oil Corporation : announced its 2012 year-end Results. With the ramp-up of production through its wholly-owned infrastructure, Athabasca embarked on the path of significant growth in revenues from its Light Oil Division, earning a netback of $10.8 million in Q4 2012 from production of greater than 4,000 barrels of oil equivalent per day (boe/d) which was comprised of 43 percent liquids, as compared to $1.0 million in Q4 2011 from production of approximately 400 boe/d which was comprised of 35 percent liquids. Total capital spending in 2012 was $1.1 billion compared to $621.9 million in 2011. Spending was comprised of $478 million in Thermal Oil Division and $611 million in the Light Oil Division, with the remainder allocated to Corporate. Athabasca Oil Corporation
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