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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 nine months ended 30 September 2021,Athabasca Oil Corp revenues increased 62% to C$575.5M. Netincome totaled C$73.5M vs. loss of C$600.6M. Revenuesreflect Thermal Oil segment increase from C$251.3M toC$649M, Oil Equivalent Production - Thermal Oil increase of20% to 26K barrels per day. Net Income reflects ExplorationExpenses decrease of 89% to C$2.4M, Impairment lossdecrease from C$471.8M (expense) to C$0K.
Employees: 140 as of Dec 31, 2020
Reporting Currency: Canadian Dollars
Enterprise value: $1,046M as of Sep 30, 2021
Annual revenue (TTM): $724.65M as of Sep 30, 2021
EBITDA (TTM): $139.41M as of Sep 30, 2021
Net annual income (TTM): $16.64M as of Sep 30, 2021
Free cash flow (TTM): $38.15M as of Sep 30, 2021
Net Debt Last Fiscal Year: $294.44M as of Sep 30, 2021
Shares outstanding: 530,675,391 as of Sep 30, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization