CALGARY, ALBERTA - (Marketwire - Oct. 6, 2008) - Athabasca Oil Sands Corp. ("AOSC") is pleased to announce that it has acquired a 50% interest and operatorship in a joint venture with an undisclosed third party. The joint venture lands comprise more than 750,000 acres and are located on-trend with the lands of Royal Dutch Shell's fully owned subsidiary Sure Northern Energy Ltd. in the western part of the Athabasca region of Alberta. AOSC is planning to drill between 20 and 30 appraisal wells in the area during the coming winter. The principal geological targets are the Devonian Grosmont and Nisku Formations with the Cretaceous Bluesky, Grand Rapids and Viking Formations as secondary targets. The Energy Resources Conservation Board (ERCB) of Alberta estimates that the Grosmont and Nisku Formations in the Athabasca region hold...
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