Athabasca Oil Corp. is an exploration and production company, which engages in the development of thermal and light oil assets. It operates through the Thermal Oil and Light Oil segment. The Light Oil segment includes the exploration, development and production of unconventional oil, natural gas and natural gas liquids located primarily in the Greater Kaybob and Greater Placid areas, near the town of Fox Creek, Alberta. The Thermal Oil segment relates to the exploration, development and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta. The company was founded by Ian Paul Atkinson on August 23, 2006 and is headquartered in Calgary, Canada.