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 > Two scenarios

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Comment by Valuecanon Jul 13, 2021 3:15pm

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Post# 33536812

RE:Two scenarios

I agree these scenarios quite likely, here a couple of others possible but not probable.

1. Spin off the non- oil sands. Assets to a separate company.
2. Sell the non-oil sands to Murphy or other.
3. Sell Hangingstone to a consolidator that may be looking at the Japex Hangingstone asset.
4. Sell the whole company, the buyer can spin-off or sell the division they don’t want.

All speculation at this point.

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