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.

TSX:ATH - Post by User

Athabasca Oil Corp

Bullboard Posts

Comment by Praxis1on Jul 24, 2015 1:51pm

142 Views

Post# 23957616

RE:RE:RE:How low can this go?

stingo wrote: I'm pretty sure ATH would be bought out or sell some assets before they go completely bankrupt.

too much oil in the ground, too much land, cash on hand. Not going anywhere anytime soon.

You don't seem to understand. It doesn't matter how much oil is in the ground since it will cost A LOT of money to have to build/upgrade the infrastructure to extract it! In this economy it is probably not financial feasible!

Bullboard Posts

@ the Bell: TSX advances to start off Christmas trading week