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 > Financial Freedom

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Comment by MLEWICKIMBAon Aug 14, 2023 12:04pm

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Post# 35587123

RE:Financial Freedom

SO TRUE...

Financial Freedom.

October 2021 -- $450M USD to $350M because the current management team navigated successfully through Covid and saved enough cash to complete the new debt financing.

December 2022 -- $175.2M to be able to cross $175M threshold in April 2023 and begin NCIB.

September/October 2023 -- ZERO DEBT -- FULL STOP

REMARKABLE TRANSITION....

4 50 is a fair price soon.

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