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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

Bullboard Posts
Post by yesoilerson Dec 24, 2006 1:01pm
217 Views
Post# 11918803

Q3 News

Q3 NewsI'm new to this stock but note that they produce mainly heavy oil. Heavy oil appears to be changing hands at $25,000 per flowing barrel tops right now which at 300 barrels per day would mean a $7.5 million market cap. At 30 million shares this would imply a $0.25 stock. Giving it value for undeveloped land, tax pools etc. offset by the debt, it would perhaps command high $0.20's to $0.30/share. It seems overpriced at $0.50 as this means they are trading at $50,000 per flowing barrel. Can any of you that follow it closer bridge this gap for me
Bullboard Posts