Athabasca Oil is a Canadian mid-cap E&P company that is down 95% from its IPO 6 years ago. The slide is not due to excessive leverage, but rather, an overhyped and capital-intensive oil sands asset base that is still mostly undeveloped due to the ...
Handout/Athabasca Oil Sands Corp.Athabasca needs a WTI oil price of US$40 to US$60 per barrel to breakeven on its single wells in the region, though the company was transitioning to a different technique to drive down its costs.
CALGARY - Athabasca Oil Corp. has finally banked cash - $600-million of it - from PetroChina to settle the giant Chinese national oil company's takeover of the Dover oil sands project triggered four months ago.
Athabasca Oil Corp. will maintain its light oil production while ramping up output to nameplate at its Hangingstone thermal oilsands project with a $91-million 2016 capital budget, it announced late Wednesday.
The new chief executive at Athabasca Oil Corp. is a farm-raised 45-year-old engineer from central Alberta whose favourite non-work pastimes are golfing, snowmobiling and spending time with his wife and three teenage children.