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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 Thermal Oil and Duvernay Energy. The Thermal Oil segment consists of two operating oil sands SAGD projects and a large resource base of exploration areas in the Athabasca region of northeastern Alberta. These projects provide Athabasca with a material low-decline production base that generates significant free cash flow for the business. The thermal assets use steam-assisted gravity drainage (SAGD), which is an enhanced oil recovery technology for producing bitumen. The Duvernay Energy operating segment includes the Company's assets, liabilities, and operations located primarily in the Greater Kaybob area near the town of Fox Creek, Alberta. Its light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which it owns a 70% equity interest.


TSX:ATH - Post by User

Athabasca Oil Corp
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Post by woodsmenon Aug 31, 2024 12:33pm
579 Views
Post# 36204049

Strange….I thought CHINA Was Dead?

Strange….I thought CHINA Was Dead?

China oil imports from Iran surge to 1.75m bpd: report

  1. Economy
August 31, 2024 - 13:32
 

TEHRAN - China’s imports of Iranian oil have reached a record of 1.75m barrels per day (bpd) in August, oiprice.com reported, citing data from Kpler.

As reported, the current figure has surpassed the previous peak of 1.66m bpd set in October 2023 and is almost 50 percent higher compared with 1.24m bpd last month.


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