Athabasca Oil Corp.

Athabasca Oil Corp. is proud to announce its inclusion in the 2022 TSX30™ ranking of the Toronto Stock Exchange's 30 top-performing stocks based on share price appreciation over a three-year period from June 30, 2019 to June 30, 2022. The 2022 TSX30 class exemplifies resilience and adaptability amidst a volatile market which required companies to successfully navigate the COVID-19 pandemic, shocks to global supply [...]

Athabasca Oil is pleased to report its 2022 second quarter results with continued significant Free Cash Flow and material deleveraging. Athabasca is uniquely positioned as a low leveraged company generating significant Free Cash Flow through its low-decline, oil weighted asset base. Production: 33,247 boe/d (92% Liquids) consisting of 26,768 bbl/d in Thermal Oil and 6,479 boe/d in Light Oil. The Company completed a [...]

Athabasca Oil is pleased to provide a corporate update highlighted by strong operational performance at Leismer, a steadfast commitment to debt reduction and inclusion to Canada’s headline equity index. At Leismer, the Company successfully completed a two-week plant turnaround on schedule and on budget in May. Bitumen production has since been restored to ~20,000 bbl/d. The asset is expected to exit the year at ~21,000 [...]

As a result of the quarterly review, S&P Dow Jones Indices will make the following changes in the S&P/TSX Composite Index prior to the open of trading on Monday, June 20, 2022: S&P/TSX COMPOSITE INDEX - June 20, 2022 COMPANY GICS SECTOR GICS SUB-INDUSTRY ADDED Athabasca Oil Corp. Energy Oil & Gas Exploration & Production ADDED Definity Financial Corporation Materials Diversified Metals & Mining ADDED [...]

Athabasca Oil Corp. announces that all matters presented for approval at the Annual General Meeting of Shareholders held May 4, 2022 have been fully authorized and approved. The items on the agenda included fixing the number of directors to be elected at seven, electing seven proposed director nominees and the appointment of Ernst & Young LLP as auditors. The results of the voting, inclusive of all votes cast and proxies [...]

Athabasca Oil Corp. is pleased to report its 2022 first quarter results with record Free Cash Flow and material deleveraging. Athabasca is uniquely positioned as a low leveraged company generating significant Free Cash Flow through its low-decline, oil weighted asset base. Q1 Corporate Highlights Production above Guidance: 34,679 boe/d consisting of 27,909 bbl/d in Thermal Oil and 6,770 boe/d in Light Oil, ahead [...]

Athabasca Oil Corp. is pleased to report its audited 2021 year-end results and annual reserves, along with a strategic update and corporate outlook. Athabasca is uniquely positioned as a low leveraged company generating significant free cash flow through its low-decline, oil weighted asset base. Q4 and Year-end 2021 Corporate Highlights Production: 35,147 boe/d in Q4 and 34,618 boe/d in 2021. Exceeded original annual [...]

Athabasca Oil Corp. is pleased to announce its preliminary 2021 year-end results, $32 million term note repayment and an operational update demonstrating momentum into 2022. Athabasca is uniquely positioned as a low leveraged company generating significant free cash flow through its low-decline, oil weighted asset base. In the current oil price environment, the Company's assets generate exceptional cash flow. The Company [...]

Athabasca Oil Corp. announces its 2022 budget that is focused on sustaining base production and maximizing free cash flow generation. The Company remains committed to its capital allocation priorities with near-term free cash flow directed to further significant term debt repayment. Reduced cash flow volatility, consistent operational execution and a best-in-class balance sheet is expected to unlock significant [...]

Athabasca Oil Corp. is pleased to report its 2021 third quarter results. Record financial results during the quarter, including $57 million of Free Cash Flow, demonstrate the quality of Athabasca's asset base and unique positioning in the current oil price environment. Q3 Highlights Production: ~34,250 boe/d including ~26,700 bbl/d in Thermal Oil and ~7,500 boe/d in Light Oil. Record Operating Income: $121 million driven [...]