Light Oil Division definition

Light Oil Division means Athabasca’s business unit which is primarily focused on the exploration for, and sustainable development and production of, light oil and liquids-rich natural gas.
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Light Oil Division means Athabasca’s business units that are primarily focused on the exploration for, and sustainable development and production of, light oil and liquids-rich natural gas.
Sample 1

Examples of Light Oil Division in a sentence

  • Light Oil Division The Light Oil Division consists of the Greater Kaybob and Greater Placid areas (collectively the "Light Oil CGU").

  • Impairment at March 31, 2020Light Oil The Light Oil Division consists of the Greater Kaybob and Greater Placid areas (collectively the "Light Oil CGU").

  • The Company cannot guarantee the availability of these sources of additional funding and the availability of future funding will depend on, among other things, the current commodity price environment, performance in both the Light Oil Division and at Hangingstone, the Company's credit rating at the time and the current state of the equity and debt capital markets.

  • Athabasca also entered into a firm service transportation agreement for 9,000 bbl/d of diluent on the Enbridge and Keyera Partnership-owned Norlite pipeline from Edmonton, Alberta to Athabasca’s Cheecham facility, effective May 2018.In the Light Oil Division, Athabasca entered into two gas handling agreements during the fourth quarter of 2017.

  • At each financial reporting date, the Company considers potential indicators of impairment or reversal of previous impairments for both its Light Oil and Thermal Oil CGUs. The Light Oil Division consists of the Greater Kaybob and Greater Placid areas (collectively the "Light Oil CGU").

  • Cash flows from the Light Oil Division along with current working capital and existing credit facilities are not sufficient to finance the Company’s operations and capital expenditure requirements without the Dover Put proceeds or additional financing.

  • As at March 31, 2015, Athabasca did not identify any indicators of impairment for any of its CGUs. Light Oil Division The Light Oil Division consists of the Greater Kaybob Area development CGU as well as other exploration acreage located in Northwest Alberta (the “Light Oil Exploration Areas”).

  • At each financial reporting date, the Company considers potential indicators of impairment or reversal of previous impairments for both its Light Oil and Thermal Oil CGUs. This assessment includes an analysis of current market conditions as well as a review of the Company's assets, future development plans and pending land expiries.Light Oil The Light Oil Division consists of the Greater Kaybob and Greater Placid areas (collectively the "Light Oil CGU").

  • It is anticipated that Athabasca’s 2016 capital and operating budgets, including continued appraisal and development activities in the Light Oil Division and the continued ramp-up of Project 1, and any debt repayments will be funded with existing cash and cash equivalents, short-term investments, the Promissory Note, operating income from the Thermal Oil and Light Oil divisions, proceeds from the sales of assets, the Duvernay capital carry from the pending Murphy Transaction (Note 24) and available credit.

  • The Company cannot guarantee the availability of these sources of additional funding and the availability of future funding will depend on, among other things, the current commodity price environment, performance in both the Light Oil Division and Hangingstone, the Company's credit rating at the time and the current state of the equity and debt capital markets.

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