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Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

Athabasca Oil Corporation (AOC) is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. AOC’s segments include Light Oil and Thermal Oil. The Thermal Oil segment includes the Company’s assets, liabilities and operating results for the exploration, development and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta. It also consists of two operating oil sands steam assisted gravity drainage projects and a resource base of exploration areas in the Athabasca region of northeastern Alberta. The Light Oil segment includes its assets, liabilities and operating results for the exploration, development and production of light crude oil and medium crude oil, tight oil and conventional natural gas. Its Light Oil segment consists exclusively of the Duvernay in the Greater Kaybob area with about 155,000 gross acres across Kaybob West, Kaybob North, Kaybob East and Two Creeks.


TSX:ATH - Post by User

Bullboard Posts
Post by PrudentInvestoron Aug 21, 2013 2:21pm
194 Views
Post# 21687090

Fort McKay First Nations

Fort McKay First Nations
Look there is continued uncertainty in the market. The Fort McKay First Nation released its August 2013 newsletter stating their continued opposition to the development. As this in itself does not look like it can adversely impact the Petro China deal and risk the B$1.3 from being paid there are some out there who simply do not want any risk and would instead prefer to just take their profit and move on. There is potentially a lot of value on the table and keep in mind that from all accounts the upside is about 50% and the downside about 20% so still looks like a decent bet.
Bullboard Posts