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

Bullboard Posts

Comment by FrankoLon Sep 18, 2013 6:18pm

370 Views

Post# 21749783

RE:New deal but looks small

Look small, but it is a huge news. They secured more liquidity and, at the same time, this will accelerate a potential Duvernay JV, because of the strategic nature of these infrastructures assets. Also, it will set a floor for the valuation of the assets.

Overall, I see this as an extremely smart move. Be ready for more catalyst in the near future.

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