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Athabasca Oil president resigns

The President of Athabasca Oil corporation has resigned.

The oil sands company says Bryan Gould has left the company, and the current CEO will take over his duties.

Athabasca is developing the 12 thousand BPD Hangingstone project, and is also caught up in regulatory hearings about the proposed Dover project.

The Fort MacKay First Nation has objected to that project.

Last week, the company reported a loss of almost 25 million dollars in the first quarter.

May 6, 2013