Athabasca Oil Corp T.ATH

ATH CEO

[Sugaree]

March 9, 2013. Can you say CASH FLOW to shareholders!!! 100 years of reserves, 7 years before they expect to pay any taxes. come April when the NCIB starts, oh boy!

https://www.bnnbloomberg.ca/video/athabasca-oil-shares-lead-energy-pack~2644185

[MLEWICKIMBA]

Dear Sugaree, It started last Thursday two weeks early. We will get through this period and at 80 WTI and 12.50 WCS differential Ath can print money. Cheers, ML

[Sugaree]

I have emailed the company for clarification, hopefully get a reponse next week. How are you sure it started last Thursday?

[MLEWICKIMBA]

It's in the press release I think. March 16 2023 to March 15, 2024. https://www.atha.com/uploads/AOC_NCIB_Press_Release_FINAL.pdf

[Sugaree]

Yes, the press release simply states the one year period approved is from March 16, 2023 to March 15, 2024, but the March 4 Annual results press release states: "Athabasca plans to commence a share buyback program in April, the earliest date permitted under the Company’s term debt agreement." As well, in the BNN interview on March 9 at the 7 minute mark, the CEO states the buyback

[Maxmoe]

I asked For clarity as well and haven't heard back. They must be soaking up sun on March break somewhere. 

[cahclick]

  Nice. I noticed that Broen confirms in the interview that buybacks will start in April  

[Maxmoe]

Yeah, what happened to the guy that always posted 100 year reserves? I chuckled every time I asked if we were down to 99 yet? Or if that was just beers on the wall. You the Same guy new alias?