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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.
140:
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.
197:(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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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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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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622:"Athabasca selling oilsands midstream assets to Enbridge for $ 265 million"
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647:. Edmonton, AB: China Institute, University of Alberta. Archived from
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563:"Athabasca Oil Sands Is Worst Performing Canadian IPO Since 2007"
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281:. Athabasca Oil Corporation holds the largest publicly disclosed
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224:(IPO) in early 2010 was the largest Canadian IPO since that of
484:"Athabasca Oil Sands Raises C$ 1.35 Billion in IPO (Update2)"
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595:"Statoil completes the sale of its oil sands business"
645:"Encanas PetroChina Partnership May Be First of Many"
350:"Company Profile for Athabasca Oil Sands Corporation"
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Non-renewable resource companies established in 2006
515:"PetroChina takes $ 1.9-billion stake in oil sands"
324:"Athabasca Oil Sands Corporation (Public, TSE:ATH)"
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733:Companies listed on the Toronto Stock Exchange
381:"Athabasca Oil Sands boosts resource estimate"
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412:"Athabasca IPO sign of oil sands endorsement"
253:In 2017, Athabasca purchased the entirety of
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540:"PetroChina offers $ 2B for oilsands stake"
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232:18 per share, valued the company at around
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261:assets. AOC sold the midstream assets to
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448:"Pre-IPO bonanza for Athabasca backers"
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326:. Google Finance Canada. Archived from
204:AOC intends to produce oil through the
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738:Canadian companies established in 2006
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620:Jaremko, Deborah (December 12, 2018).
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718:Energy companies established in 2006
601:(formerly Statoil). January 31, 2017
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708:Western Canadian Sedimentary Basin
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482:Alexander, Doug (March 31, 2010).
446:Milstead, David (March 22, 2010).
208:(SAGD) method rather than through
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220:The company's highly anticipated
561:Alexander, Doug (May 12, 2010).
513:Tait, Carrie (August 31, 2009).
285:acreage rights (640,000 acres).
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410:Tait, Carrie (March 31, 2010).
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206:steam-assisted gravity drainage
101:Rob Broen (President & CEO)
728:2006 establishments in Alberta
379:Healing, Dan (June 11, 2010).
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542:. CBC News. August 31, 2009
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713:Companies based in Calgary
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134:Athabasca Oil Corporation
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30:Athabasca Oil Corporation
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91:Calgary, Alberta, Canada
18:Athabasca Oil Sands Corp
703:Oil companies of Canada
222:initial public offering
568:Bloomberg Businessweek
360:on September 27, 2012
460:on February 21, 2011
330:on February 25, 2012
698:Athabasca oil sands
651:on December 3, 2013
195:contingent resource
187:Athabasca oil sands
107:Number of employees
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453:The Globe and Mail
283:Duvernay Formation
269:Duvernay Formation
226:Manulife Financial
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597:(Press release).
494:on August 5, 2011
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16:(Redirected from
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653:. Retrieved
649:the original
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624:. JWN Energy
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605:February 16,
603:. Retrieved
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88:Headquarters
44:Company type
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655:February 1,
692:Categories
310:References
279:PetroChina
241:PetroChina
199:PetroChina
145:Operations
97:Key people
488:Bloomberg
265:in 2018.
259:midstream
216:Ownership
201:in 2009.
111:60 (2010)
54:Traded as
579:June 12,
546:June 12,
524:June 12,
498:June 12,
464:June 12,
428:June 12,
392:June 12,
364:June 12,
334:June 12,
263:Enbridge
138:Canadian
70:Industry
599:Equinor
354:Reuters
255:Statoil
164:updated
116:Website
80:Founded
62::
275:Encana
47:Public
289:Notes
136:is a
123:.atha
657:2013
630:2020
607:2020
581:2010
548:2010
526:2010
500:2010
466:2010
430:2010
394:2010
366:2010
336:2010
277:and
245:CA$
234:CA$
230:CA$
125:.com
121:www
64:ATH
60:TSX
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191:×
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172:(
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20:)
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