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 filefishon Apr 28, 2020 5:36pm

333 Views

Post# 30963840

RE:$70 Million Upsized Contingent Bitumen Royalty

Give them some credit for utilizing their assets to the max. While they keep selling their sole to the devil, at least they will not pay royalties until oil becomes profitable again. Same as their Murphy deal. They are trying to get thru to the "other side". 70 mil covers a year of interest payments on the debt. Now lets see them specifically comment on management salary cuts.

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