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 > Why not a share offering?

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Comment by Chris007on Jul 29, 2021 12:50pm

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Post# 33623741

RE:Why not a share offering?

LOL...so basically dilute the company by 40 something percent to pay off the debt?

That wouldn't be so terrible for new buyers (company basically restarts with a blank slate)...current shareholders would get obliterated...

BLACKJACK86 wrote: Issue 400 millions share at 80 cents and use the cash on hand to pay the debt, then start a share buyback with the 40 millions plus that you save each year.
can you imagine that company debt free......

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