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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
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Comment by vindaloo_u2on Sep 11, 2017 2:19pm
102 Views
Post# 26680905

RE:RE:RE:I think...

RE:RE:RE:I think...Investment for future oil supply has been significantly reduced and it's extremely worrying what could happen if the trend continues.  How much of the world's current oil supply is in the red at $50?  How long will the banks finance money losing shale?  What is the current world oil supply vs consumption?  We'll see if venezuala is their target or if it is parts of the middle east...which may take longer.
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