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Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

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.


TSX:ATH - Post by User

Post by bosstradeon Sep 26, 2021 9:25pm
270 Views
Post# 33921563

$75. Unhedged, WCS diff @ $11. $64 x 34,000

$75. Unhedged, WCS diff @ $11. $64 x 34,000$794,000,000-150 Mil = $640 mil. You think you maybe able to convince a lender? Waterous is going to be seriously pissed if they can't make a deal for this now that management won't be able to show they were NOT declined. Lets get real. 250 Mil x 25% interest is $62.5 mill. Plus throw in a kicker of a $100 mill to payoff bankers. $162.5 mill. - $ 62 mill- $100 mill and they still make 570 mill. This shows what a joke at these prices it isn't financed quickly.
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