Athabasca Oil Corporation Announces Transformational Acquisition of High Quality Thermal Oil Assets from Statoil ASA

Athabasca Oil Corporation Announces Transformational Acquisition of High Quality Thermal Oil Assets from Statoil ASA

Acquisition of ~24,000 bbl/d of Stable Production with ~US$44/bbl WTI Break Evens

Establishes Athabasca as a ~40,000 boe/d (90% liquids) Intermediate Producer in 2017

Upgrades Asset Portfolio and Business Resiliency to Lower Oil Prices

Strong Base Cash Flow Generates a Funded Growth Profile and Accelerates Free Cash Flow Horizon

Attractive Acquisition Metrics of ~$24,000/bbl/d, ~5.8x P/CF and ~$0.68/bbl 2P

Highly Accretive to 2017e and 2018e Cash Flow and Reserves Per Share

Ownership of Strategic Infrastructure including Egress Optionality for Market Access

READ MORE:  https://www.atha.com/upload/press_release/141/844a0b446aa2/athabasca-oil-corporation-announces-transformational-acquisition-of-high-quality-thermal-oil-assets-from-statoil-asa.pdf

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