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Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

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

Post by MLEWICKIMBAon Jun 28, 2023 11:30am
203 Views
Post# 35518557

ATH New Deals Could Come in the Next 12M -- IMO

ATH New Deals Could Come in the Next 12M -- IMO1. They eluded to doing something with their Corner Assets which has approval for 40,000 BPD.  I expect either a JV or a outright sale.  Would be a game changer if they did a Murphy Oil style deal with a partner like that.  An outright sale probably catches 300M USD.  I prefer the sale.

2. They could sell off light oil division and use that money to expand current Thermal operations to 40,000 BPD.  Again probably worth 400M USD.  

Ath will be positioned to be a 5,00 stock in a years time.  

It takes time to build an ATM Machine.

ML
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