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 > Q2 2022 Results - after market close on July 27, 2022

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Comment by MLEWICKIMBAon Jul 21, 2022 8:39pm

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Post# 34842030

RE:RE:RE:RE:Q2 2022 Results - after market close on July 27, 2022

According to their debt agreement they need to have $175M in debt outstanding before share buybacks can be declared to the regulator. $240M as of May 31, 2022 - $65M USD to go. Im not expecting any debt repayment until October 2022 but these guys always surprise. As early as January 1, 2023 share buybacks could start. Once that starts its a different firm for sure as it is now as well. A lot will happen from next Thursday onward. The challenge for us is Powell next week but maybe most of it is baked in.

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