Athabasca Oil Corp - Company Profile
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Business Description
Athabasca Oil Corp (Athabasca) is an upstream company that explores, develops and produces bitumen, light oil and liquids-rich natural gas.
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Business Segments
Overview
Produces light oil and liquids-rich natural gas from unconventional reservoirs. Focuses on the Montney Formation in Saxon/Placid (the Greater Placid area) and the Duvernay Formation in Kaybob (Greater Kaybob area) near the town of Fox Creek in northwestern Alberta. Owns 70% working interest in Greater Placid Montney and 30% working interest in Greater Kaybob Duvernay. In FY2022, the segment’s capital expenditure stood at CAD11.6 million, which decreased 68.2% YoY.
Performance
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Overview
Carries out the exploration, development and production of bitumen from carbonate rock formations and sand. Comprises two operating oil grains of sand SAGD projects. Also operates a large resource base of exploration areas in the Athabasca region, Alberta. Asset portfolio includes Dover West, Grosmont, Hangingstone, Leismer Corner and Birch. In FY2022, the segment’s capital expenditure stood at CAD110.5 million, which grew 34.8% YoY.
Performance
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