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.

TSX:ATH - Post by User

Athabasca Oil Corp > Q4/2020: NEGATIVE Free Cash Flow: $ -6.449M !!!

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Comment by fellowshipon Mar 03, 2021 10:45pm

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Post# 32712209

RE:RE:Q4/2020: NEGATIVE Free Cash Flow: $ -6.449M !!!

I do not think they are underpriced relative to others at this price.

With following just released on SEDAR I think they are. This should be at least .60 cents at current oil prices.

$165.2 million of unrestricted cash at December 31, 2020.

1.2 billion boe Proved plus Probable reserves, with Leismer/Corner underpinning 1 billion barrels of low risk, long reserve life resource.

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