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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 cahclickon Mar 15, 2024 6:55pm
122 Views
Post# 35935956

RE:RE:RE:RE:RE:Anybody ?

RE:RE:RE:RE:RE:Anybody ?

matt2018 wrote: Thanks gents, I forgot about those employee shares.
So makes total sense, from todays news release......

"As of March 12, 2024, the Company had a public float of 554,237,864 common shares and 564,438,104 common shares issued and outstanding."


MLEWICKIMBA wrote: There were a bunch of shares given to employees remember -- 16m if I am cirrect.

So I would think your number should be higher.

Correct me if I am wrong please.

I think as long as we get to 530.7M shares by October it is an amazing transition.

They will be bought out by then I think as the reserves are enormous and the USA needs reserves.  

I preduct a CVE takeover and then CVE is a takever candidate as well by one of the big firms in the USA.  

ML



 

Following this to a conclusion, according to my calcs all shares triggered by the refi warrants PLUS the 16 million shares given to employees should be fully paid and cancelled under the new NCIB by the end of the 3rd quarter this year . . . assuming income stream remains more or less level between now and then.

I think I've got it right but correct me if I'm wrong.

glta longs

go ATH go
 

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