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 > Treading water

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Comment by filefishon Jan 10, 2022 6:17pm

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Post# 34301659

RE:Treading water

I think the next catalyst will be the announcement of redemption of some Notes as they had planned to do on the last update. Hopefully at least $US50mil.That announcement should be made by the Q1 financials release, maybe sooneer.

Clear Debt Reduction Targets. The Company will direct at least 75% of future free cash flow to reducing its term debt. Athabasca is targeting total outstanding term debt of US$175 million (50% reduction), expected to be reached in 2023. The first debt repayment will commence in May 2022 (for the period Q4 2021 – Q1 2022). The Company expects to be in a net cash position in 2023 and has no term debt maturities until Q4 2026.

MrICE wrote:
Feel like we aren't going to see much movement for a while.

need a Catalyst like.

1) corporate update
2) oil price rises over $80.00
3)May have to wait till financials
4) someone like Eric Nuttall,Rafi Tahmazian or Josh Young spark some interest.

Staying long