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 > US$350 Million Notes Offering

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Comment by ZeroIzzueon Oct 07, 2021 3:35pm

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Post# 33983585

RE:RE:RE:RE:RE:RE:RE:US$350 Million Notes Offering

227 shares x 350k notes equals 79.5M shares which is appropriately 15% of the company. They know Ath can pay off the debt in a year or 2 so the interest didn't mean much to them. This way the institution guarantees an upside when oil stays high through the warrants, and still gets pay from the interest if oil goes down. It's a bad deal, but stock options are given to board members that do jack sh1t every year, this deal gives the company the time it needs to actually make money. Its a sh1tty deal, but get over it and be happy that this is finally behind us.

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