Athabasca is focused on leveraging its material asset base to grow shareholder value through exceptional delivery. Its asset portfolio consists of ~ 1.3 million acres containing vast quantities of in-situ thermal oil resources and ~ 2.7 million acres with multi-stacked geological horizons rich in liquids-rich gas and light oil potential.
Founded in 2006 by an experienced team of oil and gas professionals, Athabasca continues to attract top tier energy professionals who are growing the Company's proven reserves and contingent resources. Athabasca has assembled the key ingredients to provide shareholders with value-driven growth from its exploration and production operations.
Athabasca's business philosophy, for both its Light Oil and Thermal Oil assets, involves acquiring large contiguous land bases and de-risking these unconventional resource assets through focused delineation drilling. This business philosophy leads to economies of scale, producing lower-cost developments and reducing operational costs with higher netbacks. The complement of having both Light Oil and Thermal Oil developments extends beyond a commodity diversification business strategy -- Athabasca's business model provides a full-cycle natural hedge through the production of light oil, condensate and natural gas as major feed stocks for its Thermal Oil operations, thereby reducing operational costs and increasing netbacks.
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December 2, 2014