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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 is a Canada-based exploration and production company. The Company is focused on developing thermal oil and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. Its thermal oil division consists of its cornerstone producing Leismer asset, Hangingstone asset, Corner development asset and the Dover West exploration asset in the Athabasca region of northeastern Alberta. It produces light oil and liquid-rich natural gas from unconventional reservoirs. The Company's development has been focused on the Montney in the Greater Placid area and the Duvernay in the Greater Kaybob area near the town of Fox Creek, Alberta. In Greater Placid, it has a 70% operated working interest in approximately 90,000 gross Montney acres. In Greater Kaybob, it has a 30% non-operated interest in approximately 205,000 gross acres of commercially prospective Duvernay lands.
Financial Overview
For the three months ended 31 March 2022, Athabasca Oil Corp revenues increased 28% to C$219.7M. Net loss increased from C$17.5M to C$119.6M. Revenues reflect Thermal Oil segment increase of 93% to C$360.3M, Oil Equivalent Production - Thermal Oil increase of 8% to 28K barrels per day. Higher net loss reflects Average Production Costs per unit, Total increase of 10% to C$24.06 per barrel.
Employees: 146 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $1,625M as of Mar 31, 2022
Annual revenue (TTM): $881.18M as of Mar 31, 2022
EBITDA (TTM): $174.17M as of Mar 31, 2022
Net annual income (TTM): $355.48M as of Mar 31, 2022
Free cash flow (TTM): $165.46M as of Mar 31, 2022
Net Debt Last Fiscal Year: $141.79M as of Mar 31, 2022
Shares outstanding: 580,519,298 as of Jun 3, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization