Athabasca Oil Corp.

Athabasca Oil Corp. is pleased to report strong operational and financial performance in the first quarter of 2019. With its resilient business model, the Company is well positioned to generate free cash flow in 2019 and beyond. 2019 First Quarter Highlights Consolidated Quarterly Results Production of 39,206 boe/d Operating income of $76 million Adjusted funds flow of $42 million Free cash flow of $10 million with [...]

Athabasca Oil Corp. is pleased to provide its 2018 year-end results and annual reserves. Athabasca is a liquids-weighted intermediate producer with exposure to Canada’s most active resource plays . The Company’s high quality, long life assets provide investors with unique exposure to free cash flow which, combined with focus on strong margin opportunities, drives shareholder returns. Despite unprecedented [...]

Athabasca Oil Corp. has closed the previously announced Leismer Infrastructure Transaction with Enbridge Inc. for $265 million cash consideration. Transaction proceeds are approximately 50% of Athabasca’s market capitalization and significantly bolster the Company’s liquidity, reduce net debt and improve financial resiliency. Leismer’s cost structure remains competitive with other top tier oil sands [...]

Athabasca Oil Corp. is pleased to provide an update on its midstream process, preliminary 2019 capital guidance expectations and its recent reductions in corporate costs. Strategic Infrastructure Transaction Athabasca has entered into an agreement with Enbridge Inc. for the sale of its Leismer pipelines and Cheecham storage terminal . Enbridge has been a key partner with Athabasca across its Thermal Oil business unit and [...]

Athabasca Oil Corp. is pleased to provide its 2018 third quarter results and an operations update. Q3 2018 Results and Operational Highlights Consolidated Results – Strength in Execution Production of 40,612 boe/d , representing 12% growth year over year Record adjusted funds flow of $62.2 million and operating income of $83.7 million Capital expenditures of $52.4 million; 75% weighted to high margin Light Oil [...]

CALGARY, Alberta, Aug. 01, 2018 -- Athabasca Oil Corp. is pleased to provide its 2018 second quarter results and an operations update. Athabasca is a uniquely positioned low-decline, oil-weighted producer with assets in the most active resource plays in Western Canada . The second quarter marks solid operations in both Light Oil and Thermal Oil with strong funds flow growth over the prior quarter. Q2 2018 Results and [...]

CALGARY, Alberta, May 09, 2018 -- Athabasca Oil Corp. is pleased to provide its 2018 first quarter results and an operations update. The quarter marks continued operational success across both business units. Athabasca is uniquely positioned as a low-decline, oil-weighted producer with assets in the best plays in Western Canada . The Company’s focus remains on margin growth and financial sustainability. Recent [...]

CALGARY, Alberta, April 06, 2018 -- Athabasca Oil Corp. is pleased to announce that all matters presented for approval at the Annual General and Special Meeting of Shareholders held April 6, 2018 have been fully authorized and approved. The items on the agenda included fixing the number of directors to be elected at six, electing six proposed director nominees, approval of the restricted share unit and stock option plans [...]

CALGARY, Alberta, March 07, 2018 -- Athabasca Oil Corp. is pleased to provide its fourth quarter and year end results. Over the last three years, Athabasca has transitioned from an early-stage exploration company into a sustainable intermediate producer with a strong cash flow outlook. During 2017, the Company successfully integrated a cornerstone Thermal Oil asset, achieved scale in its Light Oil Division and [...]

CALGARY, Alberta, Dec. 06, 2017 -- Athabasca Oil Corp. is pleased to provide an operations update and 2018 outlook. Highlights include: Balanced 2018 Budget: $140 million capital budget aligned to $145 million funds flow Production Growth: 2018 production outlook of 38,500 – 41,000 boe/d , representing 11% per share growth year-over-year Sustainable Financial Position: 2017 year-end funding capacity of approximately [...]