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 BLACKJACK86on May 09, 2023 9:27pm

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Post# 35439857

tomorrow's results

i think tomorrow's results will be good ,heres why:

1- diminishing debt equal less interest payment

2- even if oil was higher first quarter 2022 , the hedge in place prevented the company from benefiting from those higher price,hedge in 2023 are a lot better.

3- natural gaz was a lot higher in Q1 2022, the price for Q1 2023 is a lot lower thus costing less to extract at hanginstone.

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