Athabasca Oil Announces 2024 Budget and Return of Capital Update

CALGARY, Alberta, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or “the Company”) is pleased to announce its 2024 budget focused on profitable production growth and strong free cash flow generation. Athabasca provides investors unique positioning to top tier oil weighted assets (Thermal Oil and Duvernay) with a capital allocation framework aimed at maximizing cash flow per share growth and returning capital to shareholders.  

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