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 > Not Worried About ATH

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Comment by ComradeKomissaron Jul 29, 2022 12:05pm

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Post# 34860234

RE:Not Worried About ATH

1. Royalties are part of the agreement they entered I believe previously when they needed to and government payments. Yes?

No. They don't pay any royalties to the government of Alberta. Their assets are pre-payout until 2028 at least. They pay royalties to Burgess Energy, who gave them $450M so they could buy their best asset: Leismer.

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Advancing flagship Ishkõday Gold Project in Ontario