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 > the royalties are a big drag

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Comment by cahclickon Jul 29, 2022 9:27am

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Post# 34859626

RE:the royalties are a big drag

When ATH was paying $6.6 million in royalties in 2021 Q1, I was paying 15 cents for ATH shares.
ATH and I were both standing on the ledge of financial demise.

No offense but I have no desire to go back there.

GO ATH GO

glta

BLACKJACK86 wrote: they paid 61 millions in royalty for the last quarter and 99.8 millions for the last 6 months......ouchhhhhhh

that compare to 6.6 millions for q1 2021 and 10.6 millions for the first 6 month of 2021.

cost of diluant almost double at 123 millions versus 71 millions in same quarter of last year

they did have NET income of 8 cents for the quarter ,at least.

So yes ,those hedge are a BIG drag ,they need to avoid them as much as possible.

all numbers taken from sedar site