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 > SPR Inventory

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Post by uwebb429on Aug 11, 2023 2:23am

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Post# 35583236

SPR Inventory

Over 273 M barrels were released from the SPR during the last two years.

https://ycharts.com/indicators/us_ending_stocks_of_crude_oil_in_the_strategic_petroleum_reserve

Finally last week, the U.S. managed to put 1 M barrels back into the SPR. Maybe this is part of their five year plan because it will take more than five years to restock the depleted SPR at this rate.

When WTI went back up over $80, they cancelled any further buybacks. There goes the five year plan. Buying back 1 M barrels will allow them to tell voters that replenishing the SPR is a top priority and a work in progress.

https://www.reuters.com/markets/commodities/us-pulls-back-offer-buy-6-mln-barrels-oil-emergency-reserve-2023-08-01/

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