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Alberta Oil

Athabasca Oil Corporation is a Canadian energy company based in Calgary, Alberta, and was founded in 2006. It is publicly traded on the Toronto Stock Exchange under the symbol "ATH." The company specializes in the development of thermal and light oil assets, primarily located in the Western Canadian Sedimentary Basin. Athabasca Oil operates through two main divisions: Thermal Oil and Light Oil. The Thermal Oil Division employs the steam-assisted gravity drainage (SAGD) method for oil extraction, while the Light Oil Division focuses on developing liquids-rich shale plays, such as the Montney and Duvernay formations. The company has a production capacity of approximately 40,000 barrels of oil equivalent per day, with about 85% of this being liquids. Athabasca Oil is committed to sustainable resource development, balancing economic growth with environmental responsibility.