ATHOF News and Press, Athabasca Oil Corp From 03/01/23

CALGARY, Alberta, March 01, 2023 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its audited 2022 year-end results. Athabasca is uniquely positioned as a low leveraged company generating significant Free Cash...

Athabasca Oil press release ( TSX: ATH:CA ): Q3 GAAP EPS of C$0.22. Revenue of C$397.1M (+41.7% Y/Y). Q3 Production: 37,240 boe/d. On track to exceed its increased annual production guidance of 34,000 – 35,000 boe/d. Q3 Free Cash Flow of C$50M. ...

Summary The company is a steamflooder with the high cost structure that entails, for about 80% of its production, and is employing BDAT to lower those costs. It also has some unconventional light oil production that provides steady income from low decline reservoirs in the Montney...

Athabasca debt load should finally come down at a rapid pace. Athabasca expects a net cash position by yearend. The light oil project should provide relatively reliable cash flow during cyclical downturns in the industry. Murphy Oil gives Athabasca and the light oil joint vent...

The following slide deck was published by Athabasca Oil Corporation in conjunction with their 2022 Q2 earnings call. For further details see: Athabasca Oil Corporation 2022 Q2 - Results - Earnings Call Presentation

Athabasca Oil press release ( OTCPK:ATHOF ): Q2 GAAP EPS of $0.08. Operating Income of $169.26M. For further details see: Athabasca Oil GAAP EPS of $0.08, revenue of $169.26M

Athabasca Oil (OTCPK:ATHOF) released an operational updated ahead of the market open Monday. Sharing updates on Q2 turnaround activity, deleveraging targets and index inclusion:  Turnarounds - the Leismer turnaround was executed on time and on budget, with production returning to 20kb/d;...

Athabasca Oil Corporation is a producer of light oil and thermal oil. If the company also continues to benefit from lower western Canadian sedimentary basin supply growth, net revenue will likely creep up. If debt levels decrease as noted by management thanks to future free cash f...

Athabasca Oil has debt reduction as the main priority. Debt reduction is likely to accelerate during the current period of high commodity prices. Successful standalone thermal producers rarely survive long term. This company traditionally keeps a lot of cash on hand while payi...

Athabasca Oil press release (OTCPK:ATHOF): Q1 GAAP EPS of -$0.23. Revenue of $389.42M (+84.0% Y/Y). Record adjusted funds flow ~$75M and record free cash flow ~$44M. Production above Guidance: 34,679 boe/d (92% Liquids) consisting of 27,909 bbl/d in Thermal Oil and 6,770 boe/d (57% Liquids) i...