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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Comment by Chris007on May 05, 2021 10:41am

104 Views

Post# 33131649

RE:RE:RE:Question

Doesn't seem like anything in the Q1 MD&A suggest that the capex is unbudgeted....I guess we wait and see in subsequent quarters if there is any overshoot in terms of capex spending above guidance...

cahclick wrote:

As you note, unrestricted cash dropped $24 million.
Im wondering if it was spent on unbudgeted capex
thanks

Chris007 wrote:

capex for 2021 should be in the ballpark of 100m according to guidance...not really sure what you mean was it "budgeted" or from "unrestricted cash"?

looking at the cash flow statement, cash and cash equivalents went down $24,071,000 between q4 2020 and the end of q1 2021.

Operating cash flow $1,138,000
cash flow from financing activities -$689,000
cash flow from investing activities -$24,914,000

Effects from exchange rate $393,000

cahclick wrote:

I'm looking but haven't found the answer yet to the following.

The Q1 highlights show a capital expenditure of 36 million.
Was this budgeted or was it paid from unrestricted cash ?

thanks