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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

Post by guelph1on Mar 28, 2022 11:06am
263 Views
Post# 34551949

Comparing numbers from LXE.V & ATH.T

Comparing numbers from LXE.V & ATH.TI was just reading the take over numbers of LXE.V by VET.T.  The best current current production that I could get and make sense is that LXE.V is currently producing about 5,000 bbls/equiv/day (putting aside the shuda/wouda/couda numbers that they are spinning) if we take the reported aquisation price of $475,000,000 that works out that VET.T paid about $95,000 per current flowing barrel.  Using those numbers for ATH.T, they are reportly producing around 33,000-35,000 bbls/dy (average 34,000) times $95,000 you come up with approximately #3.2 billion.  Removing the debt of approximately $500,000,000, divide this by the number of outstanding shares (approximately 525,000,000 shares, you come up with $5.23/share.  Eric N. in his last plug on BNN, put a value of $4.31/share 
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