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Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

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

Post by Dibah420on Jan 13, 2024 11:12am
246 Views
Post# 35825081

A little exaggeration, a 2yr/$200m threat (wink wink) works

A little exaggeration, a 2yr/$200m threat (wink wink) works wonders!  Now let's finish this multi  billion dollar project and get the energy flowing to Asia & elsewhere in the globe.


2. COMMISSION DECISION Having thoroughly and carefully considered all written and oral submissions received, the Commission has decided to approve the Variance, subject to the conditions imposed relating to materials and in-line inspections. Amending Order AO-012-OC-065 is attached, reflecting the Commission’s approval and the conditions imposed. The Commission further grants Trans Mountain’s request for relief from the requirement to adhere to the QMP filed under Condition 9 of the Certificate, as it applies to the Mountain 3 HDD. Trans Mountain may begin constructing the Variance, subject to any other necessary regulatory requirements being met. The Commission will issue its reasons for this decision in due course.
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