Athabasca Oil Announces 2022 First Quarter Results including Record $44 million Free Cash Flow, $110 million in Debt Redemptions and releases its Annual ESG Report

CALGARY, Alberta, May 03, 2022 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its 2022 first quarter results with record Free Cash Flow and material deleveraging. Athabasca is uniquely positioned as a low leveraged company generating significant Free Cash Flow through its low-decline, oil weighted asset base.

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