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

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Post by MLEWICKIMBAon Sep 29, 2023 10:18pm

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Post# 35662925

October Target 4.60 In Sight

ATH is making 10M a week in cash flow and I suspect not much CAPEX and Maintenance costs in Q4.

If we stay at 90 dollar oil and if we get a 12 dollar differential like ATH CEO has stated ATH can fund 2024 expansion to 28K BPD on Leismer. All new equipment of late and solid cash flows for 2024.

EN is correct 6 plus is reasonable for ATH.

Get ready for a slew of announcements in the next 60 days or so.

Heavy Oil is the place to be.

Happy weekend to you all.

ML

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