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 > shares outstanding 2023

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Comment by filefishon Feb 29, 2024 6:45pm

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Post# 35907913

RE:RE:shares outstanding 2023

In conjunction with the 2026 Notes, Athabasca issued 350,000 warrants at an exercise price of $0.9441 per share that expire on November 1, 2026. Each warrant is exercisable into 227 common shares.
Thats a total of 79.45 mil exercisable shares.
Looking at the shareholders equity , note 14 , 21 mil was exercised in 2023 and 44 mil was exercised in 2022 - so it appears that there is another 10 mil shares of dilution to go.
It also shows that a total of 30 mil of warrants and stock options were excercised in 2023 which offsets the 44 mil shares repurchased.. It may take another 6 moths for these repurchases to materially effect the share count.

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