Bullboard - Stock Discussion Forum 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... see more

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Athabasca Oil Corp > Question

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Post by cahclick on May 05, 2021 8:16am

Question

I'm looking but haven't found the answer yet to the following.

The Q1 highlights show a capital expenditure of 36 million.
Was this budgeted or was it paid from unrestricted cash ?

thanks

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Comment by Chris007 on May 05, 2021 9:01am

capex for 2021 should be in the ballpark of 100m according to guidance...not really sure what you mean was it "budgeted" or from "unrestricted cash"? looking at the cash flow statement, cash and cash equivalents went down $24,071,000 between q4 2020 and the end of q1 2021. Operating cash flow $1,138,000 cash flow from financing activities -$689,000 cash flow from ...more

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Comment by cahclick on May 05, 2021 10:08am

As you note, unrestricted cash dropped $24 million. Im wondering if it was spent on unbudgeted capex thanks

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Comment by Chris007 on May 05, 2021 10:41am

Doesn't seem like anything in the Q1 MD&A suggest that the capex is unbudgeted....I guess we wait and see in subsequent quarters if there is any overshoot in terms of capex spending above guidance...

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