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 jrpcardmanon Apr 15, 2024 11:20pm

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Post# 35990843

RBC Capital Markets Outlines Sales Desk Presentation

11:25 AM EDT, 04/15/2024 (MT Newswires) -- RBC Capital Markets on Monday outlined sales desk presentation highlights from Athabasca Oil (ATH.TO).

According to RBC, Athabasca's Leismer asset remains on track to reach production of 28,000 barrels per day (bbl/d) by mid-year. Approvals are in place for up to 40,000 bbl/d, RBC added.

Meanwhile, RBC said Athabasca's Hangingstone asset can produce about 7,000 bbl/d in volumes, which will be supported by sustaining wells spud in the third quarter.

Athabasca's Corner operation also received regulatory approval for a 40,000 bbl/d development, RBC added.

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Advancing flagship Ishkõday Gold Project in Ontario