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 ZeroIzzueon Jan 15, 2019 4:25pm

196 Views

Post# 29236124

Athabasca closes the deal with Enbridge

https://www.globenewswire.com/news-release/2019/01/15/1695329/0/en/Athabasca-Oil-Corporation-Closes-265-Million-Leismer-Infrastructure-Transaction.html

- transaction proceeds are approximately 50% of Athabasca’s market capitalization

- current funding capacity is now approximately $550 million

- use of the transaction proceeds may include share buy backs, debt reduction or growth initiatives

- Leismer’s cost structure, US$43 WTI operating break-even price (assuming a US$18 WCS differential)

Let's see where this takes us tomorrow.

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