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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 matt2018on May 13, 2024 2:18pm
149 Views
Post# 36037278

RE:Ok

RE:OkThis name is now a longer term investment with alot more upside on the horizon than previously.
As per the Qtr report, the company has put some of its cash pile into Duvernay.
Presently, production is appr 2k bbl/day.
If they get that production up to 6k bbl/day in 2025 like they project, then some serious cash is going to come in from that venture (70% ATH owned) and future growth will be funded with cash flow.
On the ATH side, they are also investing in the thermal assets to increase production there, while they are still buying back a fair chunk of the shares.
The nice part about all this?
They dont need to go borrow any money to do all this.




 
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