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 > Cenovus deal

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Comment by cahclickon Dec 19, 2023 7:26pm

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Post# 35792823

RE:Cenovus deal

So how about this for an end game.

ATH & CVE throw some land assets, permits, wheelbarrows, $20 million bucks in a bucket, and then flog the new company (with no debt, cash in hand, line of credit) for several hundreds of millions ?

Its a quick way to monetize some stuff layin around in the back forty and make a mint off it. No ?

jmo

go ath go