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 > C$200 Million Unsecured Notes Offering T.ATH

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Comment by matt2018on Jul 29, 2024 8:44pm

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Post# 36153603

RE:RE:C$200 Million Unsecured Notes Offering T.ATH

all good..... debt balance of $200M CDN replaced with new debt at 3% cheaper rate.
The $300M in cash, more than enough to fund Leismer expansion from 28k to 40K (over 3 yrs), while they keep the share buybacks going with the FCF from the business.
Duvernay now close to 4k boe/d with plan to self fund to 20k boe/d in appr 5 yrs.
You get two energy plays/companies here, rolled into one!
Oil price keeps dropping, otherwise it would be in the $6's by now.
Maybe next year, buy out the Cenovus 30% share of Duvernay. I'm greedy.

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