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 > Dropping Oil prices

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Comment by Chris007on Jul 07, 2021 4:22pm

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Post# 33506822

RE:RE:RE:RE:Dropping Oil prices

According to the Q1 2021 MD&A - Risk Management Contracts - pg. 15 & 16

WTI sold call options - July - December 2021 - 15,900 bbl/d @ 55.90 USD/bbl
WTI fixed price swaps July - December 2021 - 4,000 bbl/d @ 62.50 USD/bbl

Assuming average production of 34K bbl/d...thats approx 60% hedged for the rest of the year