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Bullboard - Stock Discussion Forum 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... see more

TSX:ATH - Post Discussion

Athabasca Oil Corp > Harrington sale
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Post by docker1 on Apr 06, 2021 10:20pm

Harrington sale

The follwing is taken from today's financial post.    Could not see any announcement from Athabaska at this time.  

On Tuesday, two London, U.K.-based private equity players, McIntyre Partners and Griffon Partners, announced they would buy the 10,000-barrels-per-day Hangingstone oilsands project through an acquisition company called Greenfire Acquisition Corp for an undisclosed sum.

“While 2020 was a challenging year for the energy sector, within every challenge there is an opportunity,” said Julian McIntyre of McIntyre Partners, he called the Hangingstone project a “first class asset with a tremendous management team.”

A release announcing the deal said Greenfire “sees a range of investment opportunities in the sector with significant potential.”

 
Comment by fellowship on Apr 06, 2021 10:56pm
As mentioned by Eigen these were not ATH assets . https://static.aer.ca/prd/documents/oilsands/insitu-presentations/2019%20D54%20Presentation.pdf