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 > Where did 100 million go

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Comment by Chris007on Jul 30, 2020 1:11am

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Post# 31341687

RE:RE:RE:Where did 100 million go

Ibribr wrote:
Ah so simple minded... What about the 70 million from royalty deal that closed on April 28?? Gone in the wind or maybe in someone's pockets.

*sigh* simple minded indeed....

once again, in the cash flow statement which you really should learn how to read. See under Investing Activities: Proceeds from sale of assets

See Note 6 ( SALE OF ASSETS), pg. 7 of the Financial Statments

https://www.atha.com/uploads/financials/2020/2020-07-29_AOC_Q2_2020_Financial_Statements_final.pdf

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