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 smallcaptdron Jul 21, 2022 6:30pm

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Post# 34841818

Latest Drilling Rig count for US and Canada

The number of new drilling rigs has gone up this year and here is the latest rig count. When you factor in a global slowdown and the amount of new drilling activity which will increase production in both Oil and Gas prices will come down drastically in a matter of a short time.

https://rigcount.bakerhughes.com/
https://www.eia.gov/dnav/pet/pet_crd_drill_s1_m.htm

And NG rig count
https://ycharts.com/indicators/us_gas_rotary_rigs#:~:text=US%20Natural%20Gas%20Rig%20Count%20is%20at%20a%20current%20level,51.49%25%20from%20one%20year%20ago.

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High-growth stock Happy Belly opens first Rosie's Burgers in Alberta