Athabasca Oil Announces 2023 First Quarter Results and Execution on its Return of Capital Commitment through Inaugural Share Repurchases

CALGARY, Alberta, May 10, 2023 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its first quarter results showcasing operational momentum at its cornerstone Leismer asset, continued debt reduction and execution on its return of capital commitment through inaugural share repurchases. 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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