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 > Canadian energy sector will be in pain until Dec

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Comment by lovehockeyon Aug 03, 2022 10:49am

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Post# 34868017

RE:RE:Canadian energy sector will be in pain until Dec

Yes, they started releasing SPR in Dec 2021, so some of these barrels were released prior to approval of 180 mln barrels. It sounds about right that 40 mln were released from Dec 2021 to May 2022. Nevertheless they still have 100 mln barrels to dump. They can lower WC to$40 with this amount.

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