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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 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

Athabasca Oil Corp > Positioned for record cash flow -- room to run
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Comment by cahclickon Aug 06, 2023 9:45am
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Post# 35575319

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

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

matt2018 wrote: Just checked the Q2 financials, the notes balance is $214.3M CDN.
If they are closing the asset sale in Q3, then the funds from that transaction and the $132.5M in cash they are sitting on are more than enough to pay the notes in full in Q3 and don't have to deal with the 105% repayment clause period.




 

Below is cut & paste from recent NR that shows estimated cash balance after paying the debt . . .
 

"The Transaction further strengthens the Company’s balance sheet with an enviable pro forma Net Cash position of ~$90 million (5)
 
. . . and note 5 reads . . .
 
(5) Net Debt/(Cash) is defined as the face value of term debt, plus accounts payable and accrued liabilities, plus current portion of provisions and other liabilities less current assets, and excluding risk management contracts. The pro forma estimates reflect Q2 2023 Net Debt adjusted for net estimated Transaction proceeds."
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Dealroom for high-potential pre-IPO opportunities