Brief: Athabasca Oil Corp Says Quarterly Loss Per Share $0.11

Athabasca Oil

04/03/2021 01:17

March 3 (Reuters) - Athabasca Oil Corp  ATH.TO :
    * ORATION ANNOUNCES 2020 YEAR-END RESULTS
    * MAINTAINING 2021 PRODUCTION GUIDANCE OF 31,000 - 33,000
BOE/D
    * PRODUCTION WAS 34,233 BOE/D (89% LIQUIDS) IN Q4 AND 32,483
BOE/D
(88% LIQUIDS) IN 2020
    * PLANS TO REFINANCE US$450 MILLION SECOND LIEN NOTES DURING
YEAR
AS ENERGY CREDIT MARKETS CONTINUE TO IMPROV
    * COMPANY'S 2021 CAPITAL PROGRAM IS FULLY FUNDED WITHIN
FORECASTED
FUNDS FLOW WITH STRONG FREE CASH FLOW POTENTIAL
    * QTRLY LOSS PER SHARE $0.11
    * QTRLY ADJUSTED FUNDS FLOW PER SHARE $0.02
    * FORECASTING A 2021 CAPITAL BUDGET OF $100 MILLION
    * ATHABASCA- IN JAN, US REVOKED KXL PRESIDENTIAL PERMIT,
CONSTRUCTION ON PROJECT WAS HALTED; DEVELOPMENT DOES NOT IMPACT
CO'S CURRENT LIQUIDITY POSITION

Source text for Eikon:  ID:nGNX9kQf9J 
Further company coverage:  ATH.TO 

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