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Athabasca Oil Corp Says Quarterly Loss Per Share $0.11
BRIEF-Equinor Disposes Of Beneficial Ownership Of Aggregate Of 100,000,000 Common Shares Of Athabasca Oil Corporation
Athabasca Oil Says Hangingstone Project Is Expected To Continue Production Ramp Up In 2021
Athabasca Oil Corporation is a Canada-based energy company, which is focused on the exploration for, and development and production of, light oil and liquids-rich natural gas from regions in northwestern Alberta, Canada, and bitumen from oil sands in the Athabasca region of northeastern Alberta, Canada. Its segments are Light Oil, including the Company's assets, liabilities and operating results for the exploration, development and production of unconventional oil, natural gas and natural gas liquids located in various regions in the province of Alberta, and Thermal Oil, including the Company's assets, liabilities and operating results for the exploration, development and production of bitumen from sand and carbonate rock formations located in the Athabasca region of northern Alberta. The Company's principal properties include Kaybob and Placid asset areas located in northwestern Alberta and Hangingstone asset. The Company's other asset areas include Dover West, Birch and Grosmont.
Oil & Gas Operations
1200-215 9 Ave SW
Ronald J. Eckhardt
Independent Chairman of the Board
Robert Anthony Broen
President, Chief Executive Officer, Director
Chief Financial Officer
Vice President - Thermal Oil
Vice President - Light Oil
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Norway's Equinor said on Wednesday it has sold its stake in Athabasca Oil, a Canadian firm producing carbon-intensive oil sands.
Athabasca Oil Corp said on Monday its lenders have reduced the maximum amount the company can borrow against the value of its untapped oil and gas reserves.
* Q1 LIGHT OIL DIVISION PRODUCTION OF 10,495 BOE/D (50% LIQUIDS), REPRESENTING 207% GROWTH YEAR OVER YEAR
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