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of this joint venture, which is within the new rules and regulations, is encouraging for overseas investors who want to access
Canadian oil and natural gas resources and for companies like Athabasca Oil Corp. (ATH), Talisman Energy Inc. and Canadian Natural Resources Ltd. (CNQ) that need funds for drilling and development costs (Penty, Rebecca. December 17, 2012. Encanas PetroChina Partnership May Be First of Many. China Institute.
129:
energy company with a focused strategy on the development of thermal and light oil assets. Situated in
Alberta's Western Canadian Sedimentary Basin, the company has amassed a significant land base of extensive, high quality resources. Athabasca's common shares trade on the TSX under the symbol "ATH".
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This was the first oil sands joint venture between a
Canadian company and a foreign state-owned company since Prime Minister Stephen Harper changed regulations in December 2012 making it almost impossible for state-owned companies to purchase controlling interests in oil sands projects. The success
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as older oil sands mines have. SAGD projects require less surface area than open-pit, but must consume additional energy for steam generation.
186:(potentially recoverable oil) and 114 million barrels (18,100,000 m) of probable reserves. AOC sold 60% of two assets, included above, to
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178:, but does not operate any commercial developments. As of June 2010, the company's reserves included an estimated 8.6 billion barrels (1.37
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AOC's share price rose dramatically following the announcement of a $ US1.2 billion
Duvernay Formation acreage joint venture between
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Following the IPO, AOC's share price dropped 33% in the first month of trading, making it Canada's worst-performing IPO since 2007.
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246:'s oil sands assets as the Norwegian giant exited the oil sands, including a producing plant, an undeveloped project, and some
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As of
December 2009, Athabasca Oil Corporation owns leases and permits on 1,570,000 acres (6,400 km) in the
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in 1999, and North
America's largest in 2010 (as of March 31). The sale, selling a 19% stake at
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Please help update this article to reflect recent events or newly available information.
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The IPO's initial success was attributed in part to AOSC's 2009 asset sale to
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611:"Athabasca selling oilsands midstream assets to Enbridge for $ 265 million"
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636:. Edmonton, AB: China Institute, University of Alberta. Archived from
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552:"Athabasca Oil Sands Is Worst Performing Canadian IPO Since 2007"
270:. Athabasca Oil Corporation holds the largest publicly disclosed
213:(IPO) in early 2010 was the largest Canadian IPO since that of
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473:"Athabasca Oil Sands Raises C$ 1.35 Billion in IPO (Update2)"
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664:
584:"Statoil completes the sale of its oil sands business"
634:"Encanas PetroChina Partnership May Be First of Many"
339:"Company Profile for Athabasca Oil Sands Corporation"
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Non-renewable resource companies established in 2006
504:"PetroChina takes $ 1.9-billion stake in oil sands"
313:"Athabasca Oil Sands Corporation (Public, TSE:ATH)"
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722:Companies listed on the Toronto Stock Exchange
370:"Athabasca Oil Sands boosts resource estimate"
401:"Athabasca IPO sign of oil sands endorsement"
242:In 2017, Athabasca purchased the entirety of
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529:"PetroChina offers $ 2B for oilsands stake"
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221:18 per share, valued the company at around
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250:assets. AOC sold the midstream assets to
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437:"Pre-IPO bonanza for Athabasca backers"
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315:. Google Finance Canada. Archived from
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193:AOC intends to produce oil through the
727:Canadian companies established in 2006
609:Jaremko, Deborah (December 12, 2018).
7:
707:Energy companies established in 2006
590:(formerly Statoil). January 31, 2017
632:Rebecca Penty (December 17, 2012).
697:Western Canadian Sedimentary Basin
471:Alexander, Doug (March 31, 2010).
435:Milstead, David (March 22, 2010).
197:(SAGD) method rather than through
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209:The company's highly anticipated
550:Alexander, Doug (May 12, 2010).
502:Tait, Carrie (August 31, 2009).
274:acreage rights (640,000 acres).
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399:Tait, Carrie (March 31, 2010).
195:steam-assisted gravity drainage
90:Rob Broen (President & CEO)
717:2006 establishments in Alberta
368:Healing, Dan (June 11, 2010).
1:
531:. CBC News. August 31, 2009
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702:Companies based in Calgary
151:This section needs to be
123:Athabasca Oil Corporation
23:
19:Athabasca Oil Corporation
80:Calgary, Alberta, Canada
692:Oil companies of Canada
211:initial public offering
557:Bloomberg Businessweek
349:on September 27, 2012
449:on February 21, 2011
319:on February 25, 2012
687:Athabasca oil sands
640:on December 3, 2013
184:contingent resource
176:Athabasca oil sands
96:Number of employees
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442:The Globe and Mail
272:Duvernay Formation
258:Duvernay Formation
215:Manulife Financial
586:(Press release).
483:on August 5, 2011
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642:. Retrieved
638:the original
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615:. Retrieved
613:. JWN Energy
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592:. Retrieved
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77:Headquarters
33:Company type
15:
644:February 1,
681:Categories
299:References
268:PetroChina
230:PetroChina
188:PetroChina
134:Operations
86:Key people
477:Bloomberg
254:in 2018.
248:midstream
205:Ownership
190:in 2009.
100:60 (2010)
43:Traded as
568:June 12,
535:June 12,
513:June 12,
487:June 12,
453:June 12,
417:June 12,
381:June 12,
353:June 12,
323:June 12,
252:Enbridge
127:Canadian
59:Industry
588:Equinor
343:Reuters
244:Statoil
153:updated
105:Website
69:Founded
51::
264:Encana
36:Public
278:Notes
125:is a
112:.atha
646:2013
619:2020
596:2020
570:2010
537:2010
515:2010
489:2010
455:2010
419:2010
383:2010
355:2010
325:2010
266:and
234:CA$
223:CA$
219:CA$
114:.com
110:www
53:ATH
49:TSX
683::
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180:×
165:)
161:(
155:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
