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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

Comment by Maxmoeon Apr 07, 2022 2:36pm
129 Views
Post# 34585265

RE:Canada Greenlights Controversial Deepwater oil Project

RE:Canada Greenlights Controversial Deepwater oil ProjectIs it really an "approval" if it comes with 137 conditions? If I asked a lady to join me for dinner and she said yes, subject to these 137 conditions I think I'd starve before we had dinner. Sounds like the hypocrisy of Canada's pipeline regulations. I haven't seen the detailing if the conditions for offshore drilling, but for pipelines, in theory pipelines can be built, but considering the regulations/conditions no new pipeline will ever be built.
Moneyloop wrote: The federal government of Canada has granted its approval for a $12-billion oil project offshore Newfoundland and Labrador, to be led by Norwegian state major Equinor.


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