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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
Comment by bosstradeon Jan 15, 2020 8:37am
81 Views
Post# 30554592

RE:RE:RE:RE:How long does it take for the company to put out a NCIB news

RE:RE:RE:RE:How long does it take for the company to put out a NCIB newsHere it is...2020 Budget Guidance  Low Sustaining Capital – Expenditures of $125 million focused on resiliency by executing a  program aimed at sustaining production within projected funds flow.  Resilient Production – Production to average between 36,000 – 37,500 boe/d (88% liquids).  Thermal Oil Activity – Expenditures of $65 million focused on Leismer including longlead  initiatives for Pad L8, a water disposal well which is expected to reduce annual nonenergy  operating costs by $3 million and routine pump changes at both assets. At Hangingstone, the  Company will complete its first facility turnaround during the second quarter. Thermal production  is expected to average between 26,000 – 27,000 bbl/d.  Light Oil Activity – Expenditures of $60 million with activity weighted towards H1 2020. In the  Montney, the Company will finish the completion and tiein of 2 multiwell pads (10 wells). In the  Duvernay, activity will include 7 drills, 13 completions and 16 tieins. Light Oil production is  expected to average between 10,000 – 10,500 boe/d (55% liquids).  Funds Flow – Forecasted funds flow of $125 million (US$57.50 WTI and US$17.50 Western  Canadian Select “WCS” heavy differential) with upside at current spot prices.  
Bullboard Posts