ATH 📈 Athabasca Oil - Overview

Athabasca Oil Corporation is a Canadian energy company that focuses on the exploration, development, and production of oil resources in the Western Canadian Sedimentary Basin, specifically in Alberta. The company operates through two main segments: Thermal Oil and Light Oil, each with its own unique set of challenges and opportunities. Its primary areas of operation include the Greater Kaybob areas near Fox Creek in northwestern Alberta, as well as the Leismer/Corner, Hangingstone, and Dover West projects in the Athabasca region of northeastern Alberta. These regions are known for their rich oil deposits, including bitumen from sand and carbonate rock formations.

The company's production portfolio is diverse, consisting of light and medium crude oil, tight oil, conventional natural gas, shale gas, and natural gas liquids. This diversification allows Athabasca Oil Corporation to mitigate risks and capitalize on various market trends. With a strong presence in the Athabasca region, the company is well-positioned to leverage its expertise in thermal oil production, which involves extracting oil from oil sands using steam-assisted gravity drainage (SAGD) and other techniques. Athabasca Oil Corporation's commitment to responsible resource development and operational efficiency has enabled it to maintain a competitive edge in the Canadian energy landscape.

As a publicly traded company, Athabasca Oil Corporation is listed on the Toronto Stock Exchange (TO:ATH) and is headquartered in Calgary, Alberta, a major hub for the Canadian energy industry. The company's web presence can be found at https://www.atha.com, providing investors and stakeholders with access to corporate information, operational updates, and financial reports. With an ISIN of CA04682R1073, Athabasca Oil Corporation's common stock is classified under the GICS Sub Industry of Oil & Gas Exploration & Production, reflecting its core business activities. Since its incorporation in 2006, the company has undergone significant transformations, including a name change from Athabasca Oil Sands Corp. to Athabasca Oil Corporation in May 2012, to better reflect its expanded focus on light oil and other energy resources.