Athabasca Oil Corporation provided production guidance for the full year 2024. The company plans to grow production to approximately 37,500 boe/d by year-end 2024, representing approximately 14% growth from year-end 2023. Annual production guidance is 35,000 ?

36,000 boe/d (approximately 98% Liquids). Growth will be weighted to the second half of the year with the Leismer expansion project expected to be completed mid-year and Duvernay production additions into the Fall. The portfolio of long reserve life assets underpins a low corporate decline rate of approximately 5% annually and the Company estimates sustaining capital at approximately $150 million annually.