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

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Post by Sunsandsea123on Jun 22, 2022 8:28am

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Post# 34773293

Have a look.

https://www.newswire.ca/news-releases/petro-victory-energy-corp-commences-multi-well-drilling-program-849588854.html

CALGARY, AB, June 22, 2022 /CNW/ - Petro-Victory Energy Corp. ("Petro-Victory" or the "Company") (TSXV: VRY) is pleased to announce it has begun its 2022 multi-well drilling program commencing on its Galp-06 well in the Andorinha Field located in the Potiguar Basin.

Highlights

The Company has secured environmental drilling permits for a total of seven (7) development wells from Brazil's Environmental Agency, Instituto de Desenvolvimento Sustentvel Meio Ambiente (IDEMA);
Civil works at four (4) drill sites and access routes have been completed;
All long-lead items for the 2022 multi-well drilling program have been procured and delivered including casing, production tubing, pumps, and drilling fluids;
The MAPEEN-01 drilling rig has completed testing and passed its final inspection;
The MAPEEN-01 rig commenced drilling the first well at Galp-06;
To maximize time and cost efficiencies, the Company has secured a second service rig to batch drill the surface holes at PVE-01, PVE-02 and PVE-03; and
The service rig has commenced drilling the surface hole at PVE-01.