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Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

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.


TSX:ATH - Post by User

Post by smallcaptdron Jan 27, 2023 11:00pm
437 Views
Post# 35251493

100 year reserve

100 year reserveWon't happen, As the world turns greener every decade Oil Sands are a disaster by most plus 100 years we'll be electric and ATH Oil will sit on the shelf of Canadian Tire used for squeaky doors. Oil will be $5 a barrel, 1988 $9 a barrel and most of the Oil used came out of the exhaust. The great thing about commodities is that they never go to zero. I still remember the gas shortage in Detroit 1970's cars ran out of gas sitting in lines and places just went empty. So 100 year reserve won't happen also because of the high cost to produce, over the years Oil is predicted back down $40 - $50 going broke in the Oil Sands and the biggest breakthrough this year is "Fusion" bye bye Oil 
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