CALGARY, Alberta, July 29, 2020 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) ("Athabasca" or the "Company") reported its operating and consolidated financial results for the three months ended June 30, 2020. The second quarter was defined by unprecedented moves in commodity prices due to the COVID-19 pandemic and resulting oil demand destruction. Athabasca responded swiftly to mitigate the impact of these unexpected events. The Company entered 2020 with a strong liquidity position allowing it to withstand the economic impact on its low decline, long reserve life assets. Resiliency Measures Taken in Response to COVID-19 Operations Highlights Balance Sheet and Financial Highlights Business Environment and the Impact of COVID-19 In March 2020, the COVID-19 outbreak was declared a pandemic by the World Health Organization. Global commodity prices declined significantly as countries around the world enacted emergency measures to combat the spread of the virus.