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Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

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

Bullboard Posts
Post by auburn2on Nov 14, 2019 8:15pm
180 Views
Post# 30353873

Here's a good reminder

Here's a good reminder

Athabasca Oil Corporation (TSX: ATH) (Athabasca or the Company) has closed the previously announced Leismer Infrastructure Transaction with Enbridge Inc. for $265 million cash consideration. Transaction proceeds are approximately 50% of Athabascas market capitalization and significantly bolster the Companys liquidity, reduce net debt and improve financial resiliency. Leismers cost structure remains competitive with other top tier oil sands projects with a US$43 WTI operating break-even price (assuming a US$18 WCS differential).

Current differential is only US$16.61 and WTI is at $57.

Bullboard Posts