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 > New Press Release - Athabasca Oil Corporation Announces Closing of Non-Core Light Oil Asset Sale, Reaffirms 2023 Guidance and Provides a Return of Capital Update

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Post by PressRelease on Sep 14, 2023 5:41pm

New Press Release - Athabasca Oil Corporation Announces Closing of Non-Core Light Oil Asset Sale, Reaffirms 2023 Guidance and Provides a Return of Capital Update

CALGARY, Alberta, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to announce that it has closed its previously announced sale of non-core Light Oil assets at Placid, Saxon and Simonette to a private company (the “Transaction”). ...read article.

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Comment by JrOGInvestor on Sep 14, 2023 5:59pm

Other than the 'reaffirmation of return of capital to shareholders' nothing was mentioned about plans for 160 million. Rather cryptic or obvious oversight? Either way 90 dollar oil is a sweet spot GLTA

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