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 uwebb429on Mar 01, 2024 8:00pm

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Post# 35910632

Derek Evans, MEG CEO TMX Comments

During a call with analysts Friday, MEG chief executive Derek Evans said the company, which has committed to moving oil on TMX, was told to prepare for the export pipeline to begin filling up.

“TMX did issue a call for line-fill yesterday. As a matter of fact, they are looking for 2.1 million barrels in April and another 2.1 million barrels in May. So, we see this as incredibly positive,” Evans said.

It’s “good news for not only us but really everybody in the heavy oil business.”

https://calgarysun.com/business/varcoe-trans-mountain-good-news-alberta-budget-surplus-danielle-smith

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