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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 Thermal Oil and Duvernay Energy. The Thermal Oil segment consists of two operating oil sands SAGD projects and a large resource base of exploration areas in the Athabasca region of northeastern Alberta. These projects provide Athabasca with a material low-decline production base that generates significant free cash flow for the business. The thermal assets use steam-assisted gravity drainage (SAGD), which is an enhanced oil recovery technology for producing bitumen. The Duvernay Energy operating segment includes the Company's assets, liabilities, and operations located primarily in the Greater Kaybob area near the town of Fox Creek, Alberta. Its light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which it owns a 70% equity interest.


TSX:ATH - Post by User

Athabasca Oil Corp
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Post by MLEWICKIMBAon May 05, 2023 9:30am
201 Views
Post# 35432597

So we had a week of $500,000 cash flow each day.

So we had a week of $500,000 cash flow each day.1.  Soon back to $1,000,000

2. As mentioned before ATH only oil firm in Canada that can concentrate and pay its shareholders for the next 42 months before their outstanding debt is due.

$3.75 coming by June 1, 2023.

God bless all Longs.
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