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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

Comment by ztransforms173on Jan 13, 2024 2:08pm
138 Views
Post# 35825263

RE:RE:RE:RE:RE:RE:Regulator approves Trans Mountain pipeline variance request

RE:RE:RE:RE:RE:RE:Regulator approves Trans Mountain pipeline variance request
 
RE:RE:RE:RE:RE:Regulator approves Trans Mountain pipeline variance request
 
i was wondering the same thing myself, doesn't add up .

And how come it's safe now but it wasn't at the first hearing.


***

- the CER are a BUNCH of CLOWNS who DO NOT LISTEN to the GEOLOGISTS and ENGINEERS at TMX

- ONLY when TMX put OUT the EMPHASIS that the 30 inch PIPE {42 inch BOREHOLE} will EASILY HANDLE the INCREASED PRESSURE and that INSISTING on a 48 INCH BOREHOLE (36 inch PIPE) HAD A HIGH-PROBABILITY OF BOREHOLE FAILURE due to the FRACKING of the HARD ROCK and the UNSTOPPABLE WATER EGRESS into the BOREHOLE

- with a BOREHOLE FAILURE, they would have to REPERMIT NEW PIPELINE PATH, get ALL the REGULATORY APPROVALS and RIGHT-OF WAY with the INDIGENOUS CLAIMHOLDERS leading to a POSSIBLE TWO YEAR DELAY and MASSIVE MONETARY LOSSES

- IMPORTANT NOTE:

* the 30 INCH PIPE 2,300 meters borehole section will NOT DECREASE TMX PIPELINE CAPACITY {@ 590,000 bbls/d of HEAVY OIL} as TMX will INCREASE PRESSURE on this SEGMENT BETWEEN the TWO PUMPING STATIONS

- ON the SECOND TRY, the CER CAME TO THEIR SENSES

z173

 
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