Athabasca Oil Announces 2022 Second Quarter Results including Record $85 million of Adjusted Funds Flow, $167 million in Debt Redemptions, and Increased Corporate Guidance

CALGARY, Alberta, July 27, 2022 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its 2022 second quarter results with continued significant 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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