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 > Positioned for record cash flow -- room to run

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Comment by MLEWICKIMBAon Aug 05, 2023 7:07pm

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Post# 35575097

RE:RE:RE:RE:Positioned for record cash flow -- room to run

There are no restrictions on cash/debt now. On the sale of a production asset it might be different.

My expectation is that debt will be paid down by $62.00M to $100M in October before Q3 earnings release on November 1, 2023.. This will send the shares flying.

The debt has to be redeemed by October 2026 or replaced with a new issue.

The road to 5 bucks seems clear now.

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