Athabasca Oil (ATH) has notable insider buying

Athabasca Oil (T:ATH)

Robert Anthony Broen, CEO, acquired 2,214,633 Common Shares on a direct ownership basis at a price of $3.340 through an exercise of rights on April 11th, 2023. This represents a $7,396,874 investment into the company's shares and an account share holdings change of greater than 100%.

Cam Danyluk, a Senior Officer, acquired 25,000 Common Shares on a direct ownership basis at a price of $3.340 through an exercise of rights on April 11th, 2023. This represents a $83,500 investment into the company's shares and an account share holdings change of 23.9%.

Karla Dawn Ingoldsby, a Senior Officer, acquired 966,733 Common Shares on a direct ownership basis at a price of $3.340 through an exercise of rights on April 11th, 2023. This represents a $3,228,888 investment into the company's shares and an account share holdings change of greater than 100%.

Matthew Taylor, CFO, acquired 951,166 Common Shares on a direct ownership basis at a price of $3.340 through an exercise of rights on April 11th, 2023. This represents a $3,176,894 investment into the company's shares and an account share holdings change of greater than 100%.

Michael S J Wojcichowsky, a Senior Officer, acquired 851,767 Common Shares on a direct ownership basis at a price of $3.340 through an exercise of rights on April 11th, 2023. This represents a $2,844,902 investment into the company's shares and an account share holdings change of greater than 100%.

Athabasca Oil Corporation (AOC) is a liquids-weighted intermediate producer company engaged in the development of Canada's resource plays, such as Montney, Duvernay, Oil Sands. AOC's segments include Light Oil and Thermal Oil. The Thermal Oil segment includes the Company's assets, liabilities and operating results for the exploration, development and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta. It also consists of two operating oil sands steam assisted gravity drainage projects and a resource base of exploration areas in the Athabasca region of northeastern Alberta. The Light Oil segment includes the Company's assets, liabilities and operating results for the exploration, development and production of light crude oil and medium crude oil, tight oil and conventional natural gas. It holds a 70% operated working interest the Montney at Greater Placid and a 30% non-operated interest the Duvernay at Greater Kaybob.