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 > OBE Paid The PREVILIGE Of +2.1% INTEREST To EXTEND Senior ..

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Comment by Moemoney42on Mar 29, 2021 11:08am

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Post# 32898119

RE:RE:OBE Paid The PREVILIGE Of +2.1% INTEREST To EXTEND Senior ..

Yup dirty pool by the bankers if you ask me... hope they are more friendly to ATH but I don't trust them as far as I can spit.. that 2.1% extra for the one year rollover is just criminal.. :-(

Eigen337 wrote:
It is PRETTY DEPRESSING that they were NOT able to RE-FINANCE group of SENIOR NOTES and had to PAY 2.1% MORE in interest expense just to do a SHORT-TERM ROLLOVER of ONE YEAR !!!

Some of these SENIOR NOTES had ORIGINAL DUE DATES in 2025 that they were FORCED to be BROUGHT FORWARD to November 30, 2021 in order to NOT TO REDEEM some Notes DUE in 2020 which they had NO CAPITAL AVAILABLE to DO SO !!!

This is my opinion only.

Eigen337