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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Comment by stock_for_goldon Mar 23, 2023 5:08pm

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RE:RE:RE:RE:RE:Not good

They also found that the area south of Grande Prairie, Alberta is far less prone to significant levels of induced seismicity, despite the fact that the Montney and Duverney formations in the region have been subjected to more than 700 multistage hydraulic fracturing operations. “This is particularly important considering that the area is home to Alberta's No.1 geothermal project,” said Yaghoubi.

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