03:50 PM EST - Athabasca Oil Sands Corp. : said that it has entered into a series of agreements with PetroChina International Investment Company Ltd., a wholly-owned subsidiary of PetroChina Co. Ltd. pursuant to which PetroChina will acquire a 60% working interest in Athabasca Oil's MacKay River and Dover oil sands projects for a consideration of $1.9 billion. The agreements also provide for certain financing arrangements for Athabasca Oil Sands. The projects are located in the centre of the Athabasca area in northeastern Alberta and have been independently assessed to contain about five billion barrels of best case contingent bitumen resource. Athabasca Oil Sands Corp.
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