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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 filefishon May 14, 2023 10:15am
220 Views
Post# 35447301

Light oil operations

Light oil operationsAs time goes by, it appears to me that Athabasca is placing less and less significance on its Light Oil Division. Minimal capex has gone to that Division over the past several years vs the thermal oil operation (specifically Leismer). Get the sense that they our like to sell the light oil assets if they were able to get around the legalities involving Murphy and Burgess. I believe a 100% focus on Leismer/Hangingstone/Corner SAGD operations would be the best for future for the Company and shareholders.   
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