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 > NCIB

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Comment by Sugareeon Mar 16, 2023 7:16pm

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Post# 35343874

RE:RE:NCIB

Thanks for the reply. Anyone know if they can start the NCIB now? i thought I read somewhere cannot start until April, but could be wrong. Great development regardless, just curious.

MLEWICKIMBA wrote: CEO said cash in the bank.

I think if the outlook is better soon then in any 90 day period -- 1 quarter, anything is possible.

Remember in Q3 2022 when they pumped 37150 bpd when we thought 34500 to 35000. They may do that again and in Q3 2023 use that money to retire 20M shares..

Dynamic company for sure.