Situated in Alberta's Western Canadian Sedimentary Basin, the company has amassed a significant land base of extensive, high quality resources.

[4] SAGD projects require less surface area than open-pit, but must consume additional energy for steam generation.

[6] The IPO's initial success was attributed in part to AOSC's 2009 asset sale to PetroChina, divesting 60% working interest in its Mackay River and Dover projects for CA$1,900,000,000.

[11] AOC's share price rose dramatically following the announcement of a $US1.2 billion Duvernay Formation acreage joint venture between Encana and PetroChina.

Athabasca Oil Corporation holds the largest publicly disclosed Duvernay Formation acreage rights (640,000 acres).