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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 cahclickon Mar 14, 2024 11:53am
298 Views
Post# 35932820

Anybody ?

Anybody ?

 

Im reluctant to ask this question as it opens the door for bathers but . . .

I don't understand why ATH doesn't talk about the warrants. 

At first blush it appears they spent approximately $220,000,000 during the current NCIB to reduce the share count by 2 million shares.

In the release today, they don't mention if the warrants are fully paid out. The 2023 YE suggests the warrants attached to the refi should be fully paid out if I understand correctly.

Anyone understand why ?

go ATH go

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