Athabasca Oil Corp T.ATH

Alternate Symbol(s): ATHOF

Energy Oil & Gas E&P

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.

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Athabasca Oil Corp

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Comment by filefishon Oct 28, 2019 11:02am

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Post# 30276430

RE:RE:RE:RE:RE:enterprise value pgf

Increasing production is a cash grab. Do you see this sustaining or not ?

Not really sure what you mean by this, but the Company has made it clear that they intend to hold production flat. They should be able to do that in Q4 with cash flow from operations and the WCS hedge in place. Any evidence of spending in excess of cash flow will set off a major push back by shareholders.

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