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 Bondenon Nov 15, 2019 5:02pm

115 Views

Post# 30358647

RE:RE:RE:RE:RE:BNN - ERIC

The largest shareholder is Equinor (Norway) and they still have 100 million shares. I agree that they would like to get out. Norway is a country really pushing to go green and for Equinor to be a major shareholder in an oilsands company is not good PR. I would think that they would accept a pretty low offer, just peanuts to a company of this size. Something sure seems to be up.

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