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

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Post by MLEWICKIMBAon Nov 22, 2023 10:04am

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Post# 35748235

The Demise Predictions For Oil is Greatly Overblown

1. USA production costs higher than previous years although some efficiency has been occurring. Many rigs are down perhaps they aren't money makers. PRODUCTION LEVELS COULD FALL OFF.

2. Saudi Arabia and all its opec members plus Russia need $80 to $100 for Brent in 2024.

3. Don't trust the politics of inventory numbers.

4. First year no covid restrictions worldwide created record demand AND IT WILL CONTINUE IN 2024.

5. It's all elastic so gasoline prices right now in North America means higher usage.

6. Everyone wants to be mobile in 2024. More demand for oil.

7. 8.1 BILLION PEOPLE SOON

8. WCS DIFF WILL IMPROVE

LETS SEE THE EIA NUMBERS SHORTLY

ML

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