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 auburn2on Nov 19, 2019 7:21pm

151 Views

Post# 30371763

Heard back from the company

No reservoir damage. Production is going very well. Leismer is already over 19,000 bbl/d and Hangingstone is around 9000 bbl/d. The new CFO is hard-working, passionate, and knowledgeable. Fundamentally the company has been making all the right moves.

Athabasca's Board has approved a Special Meeting of Shareholders for the Company to pursue a share buyback given the severe dislocation in underlying value and trading price.

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