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 MLEWICKIMBAon Jan 12, 2023 12:01am

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Post# 35217490

SPR Inventory Level -- WTI Premium Coming

** The market will soon recognize that there is little chance to refill any of the SPR which will send oil prices higher especially into the spring. As global mobility increases expect firmer oil benchmarks.

ATH probably correct with $85.00 -- $17.50 Differential for 2023. When the 2023 year ends the following should be achieved.

1. $450M CAD Cash on Hand.
2. $125M USD in Debt
3. 25M Less Shares
4. Warrants Gone
5. $4.75 Share price

All the best. Shorters beware! The bull run is coming!

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