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

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Comment by Praxis1on Jul 24, 2015 8:04am

53 Views

Post# 23955745

RE:Another $150 Million Coming In August 2015

Piperdown wrote:
There is another cash installment coming at the end of August, 2015 for $150 Million from Brion. Plus next summer there is two cash installments due. One from Petro China and one from Brion. As on the end of March 2015 the company had 1.1 Billion in funding available.

You do realise that is pocket change in the oil patch. It will cost them way more then that (BILLIONS) to start their project(s)!

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