Athabasca Oil Corporation (T:ATH)
Business Focus: Oil Exploration & Production - Onshore
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| Company Contact | |
| Address: | 1200-215 9 Ave SW CALGARY AB T2P 1K3 |
| Tel: | 1-403-8179104 |
| Website: | https://www.atha.com |
| IR: | See website |
| Key People | ||
| Robert Anthony Broen President, Chief Executive Officer, Director | Matthew Taylor Chief Financial Officer | Karla Ingoldsby Vice President - Thermal Oil |
| Michael Wojcichowsky Vice President - Light Oil | Cam Danyluk Vice President - Business Development, General Counsel | |
| Business Overview |
| Athabasca Oil Corporation (AOC) is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. AOC's segments include Light Oil and Thermal Oil. The Thermal Oil segment includes 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. It also consists of two operating oil sands steam assisted gravity drainage projects and a resource base of exploration areas in the Athabasca region of northeastern Alberta. The Light Oil segment includes its assets, liabilities and operating results for the exploration, development and production of light crude oil and medium crude oil, tight oil and conventional natural gas. Its Light Oil segment consists exclusively of the Duvernay in the Greater Kaybob area with about 155,000 gross acres across Kaybob West, Kaybob North, Kaybob East and Two Creeks. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Athabasca Oil Corp revenues decreased 4% to C$1.18B. Net loss totaled C$51.2M vs. income of C$572.3M. Revenues reflect Thermal Oil segment decrease of 13% to C$1.2B, Gas Liquids Production-NGL decrease of 33% to 400K barrels, Oil Equivalent Production (Units/day) decrease of 32% to 4K barrels per day. Net loss reflects Development Costs increase of 9% to C$133.3M. |
| Employees: | 170 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $2,499M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,177M as of Dec 31, 2023 |
| EBITDA (TTM): | $312.78M as of Dec 31, 2023 |
| Net annual income (TTM): | -$51.22M as of Dec 31, 2023 |
| Free cash flow (TTM): | $165.69M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 557,820,914 as of Apr 3, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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