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 MLEWICKIMBAon Mar 22, 2024 11:47am

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Post# 35947271

Top Line Sales Growth in Q1 2024 over Q4 2023

I am expecting at least 40M CAD in additional cash flow this quarter which means more cash on hand.

In Q2 2024 that nunber grows to at least 100M CAD.

This means the debt is going to disappear this year and the cash on hand will be at levels that give liquidity like no other firm in the mid cap space.

They will then be able to self fund further production expansion at Leismer.

6 bucks soon. Once Q1 2024 is behind us.

ML

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