Athabasca Oil Corporation is a Canadian energy company which is focused on the development of thermal and light oil assets. The Company has amassed a land base of extensive, resources situated in Alberta’s Western Canadian Sedimentary Basin. The Company’s segments include Thermal Oil and Duvernay Energy. The Thermal Oil Division consists of two operating oil sands steam-assisted gravity drainage (SAGD) projects and a large resource base of exploration areas in the Athabasca region of northeastern Alberta. These projects provide Athabasca with a material low-decline production base that generates significant free cash flow for the business. Duvernay Energy produces light oil and liquids-rich natural gas from unconventional reservoirs. In Greater Kaybob, Duvernay Energy has approximately 200,000 gross acres of commercially prospective Duvernay lands with exposure to both liquid-rich gas and volatile oil opportunities.