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Athabasca Oil Corporation (T:ATH)

Business Focus: Oil Exploration & Production - Onshore

Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: 1200-215 9 Ave SW
Tel: 1-403-8179104
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
Business Overview
Athabasca Oil Corporation (AOC) is a liquids-weighted intermediate producer company engaged in the development of Canada's resource plays, such as Montney, Duvernay, Oil Sands. 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 the Company's 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. It holds a 70% operated working interest the Montney at Greater Placid and a 30% non-operated interest the Duvernay at Greater Kaybob.
Financial Overview
For the nine months ended 30 September 2022, Athabasca Oil Corp revenues increased 69% to C$972.9M. Net income increased 12% to C$82.6M. Revenues reflect Thermal Oil segment increase of 74% to C$1.13B, Oil Equivalent Production - Thermal Oil increase of 8% to 29K barrels per day. Net income was partially offset by Average Production Costs per unit, Total increase of 23% to C$26.41 per barrel.
Employees: 146 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $1,774M as of Sep 30, 2022
Annual revenue (TTM): $1,231M as of Sep 30, 2022
EBITDA (TTM): $381.57M as of Sep 30, 2022
Net annual income (TTM): $466.69M as of Sep 30, 2022
Free cash flow (TTM): $174.67M as of Sep 30, 2022
Net Debt Last Fiscal Year: $39.98M as of Sep 30, 2022
Shares outstanding: 586,479,768 as of Nov 10, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization