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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.


TSX:ATH - Post by User

Athabasca Oil Corp > Athabasca Oil Corporation Provides Operations Update
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Comment by cahclickon Jun 06, 2022 8:08am
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Post# 34733390

RE:Athabasca Oil Corporation Provides Operations Update

RE:Athabasca Oil Corporation Provides Operations Update

 

Awesome update !

My quick math says they may pay off all debt this year if WTI stays where it is now as their projections in the update are based on $85 WTI and their report confirms each $5 change in WTI represents $45 an additional million to the bottom line. So even with existing hedges they are stacking sacks of cash :)

Blue Sky baby, Blue Sky.

glta

Betteryear2 wrote: CALGARY, Alberta, June 06, 2022 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to provide a corporate update highlighted by strong operational performance at Leismer, a steadfast commitment to debt reduction and inclusion to Canada’s headline equity index.
 

Athabasca Oil Corporation Provides Operations Update, Further Debt Redemptions and Inclusion in the S&P TSX Composite Index



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