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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
Comment by SuperBrownManon Jun 13, 2007 8:00am
296 Views
Post# 12934593

RE: Where we goin''''

RE: Where we goin''''ironman20, I used your following info with your name at SH Blogs. The website is: https://www.stockhouse.ca/blogs.asp?page=viewblog&blogid=862 "Two things of interest: 8 new wells were drilled & now producing (100% success rate) proving up 26 step-out development locations) Finding and Development costs: $11.55 per bbl. Ask yourself do you think they will get 26 new wells drilled in 2 months (NO). How many other junior/intermediates get oil out of the ground at a cost of $11.55 and sell it at $65? (And I know it's mostly heavy oil so it's less margin, but you get my drift)."
Bullboard Posts