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 Sjakkspillon Mar 13, 2019 5:05pm

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Post# 29481678

RE:RE:RE:RE:RE:RE:Shale Started to decrease - inflection Point Buy Buy Buy

Seems like something like that may be in the cards. Shouldn’t take too much arm twisting to get Statoil on board since Norway’s fund wants to divest themselves in oil investments. The Norwegian government owns around 60% of Statoil (called Equinor now) so they’re pulling the strings. If I remember right I think the shares were trading at $1.40 something when the deal was made with Statoil picking up their 100 million shares. You might be close on your takeover call.

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