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 > Anybody ?

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Comment by cahclickon Mar 14, 2024 1:31pm

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Post# 35933108

RE:RE:RE:Anybody ?

matt2018 wrote: further to the numbers (again, assuming I have them right), if they are able to purchase the 55.4M shares (NCIB renewal just announced), this would bring share count down to 499.2M by next March.

Share outstanding Sept 30/2021 530.7M
Warrants from financing Oct 25/2021 79.4M (all in the money)
Total before initiating buybacks 610.1M
Buybacks to date - 55.5M
Current float 554.6M
NCIB renewal - 55.4M
projected March/2025 balance 499.2M

Matt, many thanks for your help.
The share count you suggest adds up subject to any shares given to insiders as mentioned by ML.

I wish the company would be (more) transparent on the warrant issue until the warrants are completely off the books. I believe it would help management's "look" as well.

Again, many thanks for taking the time.

go ATH go