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 > Hangingstone

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Comment by Chris007on Sep 14, 2020 11:18am

211 Views

Post# 31552652

RE:RE:Hangingstone

In the July presentation on their website, on slide 8, they claim "US$31 WCS operating breakeven (US$12.50 WCS diff)"

**i'm assuming that means with the current hedges in place, since a couple lines down, they write:

Hedging in place to protect downside volatility o Q4/20 & Q1/20 collar at US$25 – $31 WCS pricing

Either way, I guess we will see how things are, when they release Q3

Hopefully we will finally see positive cash flow from operations, after two negative consecutive quarters