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

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Post by smallcaptdron Feb 02, 2023 7:50pm

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Post# 35263698

Asia's crude oil imports hit record high, but it's not China

Both good and bad, China's Crude imports have declined but growth in Asia is sucking it up. So Asia is importing more Crude but from where Iran or Russia with their cheaper Oil but it is bullish to see Asia demand strong, Asia can have US Crude there's lots of it backing up and no one has the exact number for the amount of Crude flowing into the market but for the demand side its a little more transparent. With Asia already strong for demand the addition of China whenever they start would tighten the market up fairly quickly but there are too many unanswered questions right now Russia! Oil up to $76- wow! )

LAUNCESTON, Australia, Feb 2 (Reuters) - Asia's imports of crude oil reached a record high in January, but the strength wasn't driven by China, with the world's biggest buyer actually recording a decline.

Column: Asia's crude oil imports hit record high, but it's not China | Reuters

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