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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Post by xauxag9on Jul 26, 2017 10:13pm

128 Views

Post# 26514448

shorts are gonna BAKE !

Impressive results for this beaten down stock. Production of 36,574 boe/d, representing a 162% year over year increase. Funds flow of $27.6 mln ($.05 per share). Excellent cost discipline with a 61% drop in G&A to $2.15 / boe. We added 50% to our exposure of ATH at 99 cents this morning. Athabasca is now our biggest equity holding.

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