Athabasca Oil Corp T.ATH

ATH Becane ATH -- How?

[MLEWICKIMBA]

1. Harringstone 7500 bpd

2. Other assets just sold 2500 bpd

3. Murphy JV 4000 bod

4. Lesimer which they got from Statoil and an underwriting of 450M USD in debt. If they didn't do that deal they were INSIGNIFICANT.

5. STATOIL kept up to 20% of the shares and sold the remaining to EN at 18 cents.

The warrants allowed them to survive.

The management did a good job in protecting the common stock holders from a SERIOUS HAIRCUT.

Forget about the warrants.  Less important mow.

What's important next 79 days us as follows:

1. Buyback target for 2023
2. Cash accumulation 
3. 2024 budget

They have said something likely on Corner.  Perhaps TECK JV WILL EMERGE.

EXPECT SELF FINANCING ON LEISMER 2024 JULY TO 2026.

EXPECT MURPHY OIL JV EXPANSION 

TALK ABOUT A 'TECK' CANDIDATE TAKEOVRR TARGET OR EQUIVALENT FIRM.

ML

[MLEWICKIMBA]

Just an add on  Leismer now at 24250 bpd from 20,000 and in 7 to 8 months 28500 bpd. Cash flow momentum is happening as their CEO said. Have a good weekend. ML

[cahclick]

You paint a very rosy picture. I understand their back was against the wall when they did the refinancing deal. My point is don't get ATH in the same position AGAIN by borrowing for expansion. To use your method . . . 1. Their is no guarantee on the price of oil 2. Refer to #1 3. Refer to #1 4. Refer to #1 etc etc Lastly, it was the price of oil that ended up saving ATH not

[MLEWICKIMBA]

Of course oil price is the driver but not only. ROSY -- not if valuations back to 2013 levels. Let's make some money.