Athabasca Oil Corp. (ATHOF)

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ATHOF has 467 million cash on hand

Athabasca Oil Corporation Announces $70 Million Upsized Contingent Bitumen Royalty Along with Additional Resiliency Actions
CALGARY – Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is taking further actions in response to the decline in global oil prices to bolster balance sheet strength and corporate resiliency.
Upsized Contingent Bitumen Royalty
Athabasca is pleased to announce an upsizing of the previously completed Contingent Bitumen Royalty with Burgess Energy Holdings L.L.C. (the “Royalty”) for additional cash consideration of $70 million. Athabasca has now raised total cash proceeds of $467 million since 2016 through this unique

https://www.atha.com/uploads/news-releases/2020/2020-04-28_ATH_Corporate_Update_FINAL.pdf