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 > Getting closer to $2.40 so that I can cash out

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Comment by MLEWICKIMBAon Sep 30, 2022 10:12pm

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Post# 34998935

RE:Getting closer to $2.40 so that I can cash out

Buddy Q3 will be a good quarter. Two things are going to happen. 1. Ath will make another payment on or before October 15, 2022 - debt reduction payment as only 43.5M USD remaining. Or: 2. Ath will hold onto the cash and make the final payment in H1 2023. Either way good for share price. I expect OPEC to Act as their economies need 90$ Brent minimum and their economies arent negatively affacted as much when oil prices are higher as they dont have as much tax on petroleum products. Good luck.

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