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 > ATH COUNTDOWN ON NET CASH CLOSE TO BEING SECURED

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Post by MLEWICKIMBA on Jan 19, 2023 12:02pm

ATH COUNTDOWN ON NET CASH CLOSE TO BEING SECURED

1. $200,000,000 CAD on hand on December 7, 2022.
2. Oustanding DEBT in CAD on December 7, 2022 reported as $236,414,880 CAD.
3. $36,414,880 CAD to accumulate and no major current expenditures.
4. Current Time Lapse 43 days minus a few bad days for WCS. My estimate is $22,000,000 accumulated

Expected no later than February 15th, 2023 and no later than February 28th inline with EOY Results Announcement.

This will be a 0.50 cent boon for the stock minimum.

Dont listen to people who dont understand basics.

ML

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