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Worker on an Athabasca Oil rig
Worker on an Athabasca Oil rig
(Athabasca Oil)

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Athabasca still hopeful for joint venture

The joint venture that Athabasca Oil Corp. must sign to help fund its long-term development plans remains out of reach, but management swears they’re still in talks with potential partners.

On the company’s year-end conference call Thursday, chief executive officer Sveinung Svarte would only say that Athabasca “continues joint venture discussions with world class E&P companies.”