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.

TSX:ATH - Post by User

Athabasca Oil Corp > US$350 Million Notes Offering

<< Previous

Bullboard Posts

Next >>

Comment by maramos98on Oct 07, 2021 3:37pm

218 Views

Post# 33983605

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

The higher the shareprice at time of excersice, the lower the dilution.

100% at 0.95 cents
50% at $1.90 etc.

maramos98 wrote: Cashless excersie formula from anothers companies PR.

formula: (number of Warrants exercised * market price1 at the time of exercise) less (number of Warrants exercised * exercise price) / market price1 at the time of exercise.

Mindset wrote: That ~20% pop we all expected from the REFI just went to the lenders.

Just the cost of doing business I guess.

I dont feel great, but at least now the company can focus on further debt reduction, buying back shares, and eventually a dividend.