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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 ManitobaCanuckon Feb 04, 2022 8:35pm
568 Views
Post# 34400106

Is Cenovus taking over

Is Cenovus taking over Athabasca Oil Assets are very near to CVE assets .Read below

Alex Pourbaix, CEO of CVE, comments on growth capex allocation opportunities:

One of the things that I think has been a huge positive out of the Husky transaction is we are finding very, very significant opportunities to grow production, improve our profitability, and these are largely what I would call smaller Greenfield or Brownfield type opportunities coming out of our existing asset base. A great example, I think would be Narrow’s Lake. So that was a project that for decades was thought of in this Company, and frankly construction started on it as a standalone Greenfield facility. And we have made so many advances in our ability to move emulsion and steam long distances that we are going to develop Narrow’s Lake, but it is really going to be developed as pads at Narrow’s lake with the emulsion being brought back to Christina lake for processing and treating them.

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