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.

TSX:ATH - Post by User

Athabasca Oil Corp > 50,000 per flowing barrel

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Comment by cahclickon Feb 28, 2023 2:08pm

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Post# 35310380

RE:RE:RE:50,000 per flowing barrel

Going at it in another direction . . .

Nuttal suggests ATH is worth $6.80 per share.
ATH has 572,000,000 shares out.
ATH has current production of +/- 40,000 bpd

So ($6.80 x 572,000,000) / 40,000 = $97,000 CDN per flowing barrel

So, Nuttal's predicted/estimated share price for ATH suggests that ATH's reserves are worth 2.5x that of BTE