Athabasca Oil Corp.

Athabasca Oil Corp. is pleased to announce that the Toronto Stock Exchange has approved the Corporation's normal course issuer bid to purchase up to 57,967,089 common shares during the 12-month period commencing March 16, 2023 and ending March 15, 2024 or such earlier time as the NCIB is completed or terminated at the option of Athabasca. Athabasca's launch of a NCIB is based on the strength of the balance sheet and the [...]

Athabasca Oil Corp. is pleased to report its audited 2022 year-end results. 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 2022 Corporate Highlights Sustainable Production: 35,850 boe/d in Q4 and 35,262 boe/d in 2022, exceeding its annual upwardly revised guidance of 34-35,000 boe/d. The portfolio of long [...]

Athabasca Oil Corp. is pleased to announce its 2023 budget and return of capital strategy, focused on Free Cash Flow generation and shareholder returns. 2023 Budget and Guidance Highlights Capital Program. Athabasca is planning expenditures of ~$145 million with activity primarily focused on sustaining and growth projects at Leismer, a Montney pad in Placid and routine maintenance across the portfolio. Resilient [...]

Athabasca Oil Corp. is pleased to report its 2022 third quarter results with record Adjusted Funds Flow, strong 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. Q3 Corporate Highlights Production: 37,240 boe/d consisting of 31,023 bbl/d in Thermal Oil and 6,217 boe/d in Light Oil [...]

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 [...]