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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 Bondenon Nov 15, 2019 12:18pm
100 Views
Post# 30357068

Debt clarification

Debt clarificationI had written that the company would be getting 64 million back from TC in January but after checking with the company I’ve been informed that this amount is actually 33 million. My apologies for not getting this straight. So, what is the real debt? According to what ATH has informed me it would be as follows : Q3 net debt of 259 million minus 33 back from TC, 110 in restricted cash and 12.5 posted with CRS for a tax reassessment which the company is very confident in succeeding in. So, this leaves us with an actual debt of 103.5 million.
Bullboard Posts