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 Feb 27, 2023 9:05pm

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Post# 35308561

Buyout Yes -- And Here is Why

1. US Shale Production already short on production growth and wells decline quickly. Not so with Ath.
2. Proven reserves.
3. Not likely to ever be any new heavy oil startups again.
4. In 2022 there was three takeovers.

A big demand for heavy oil in the USA will continue.

Ath attractive when production costs down to 39 to 40 USD a barrel. Debottlenecking will help and debt retirement will help overall costs.

So yes and yes.

Stop hating the wonderful supply of crude oil that exists in Canada.

Expect 5 bucks this year.

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