Advantage Oil & Gas Ltd. is pleased to announce its 2019 results, including considerable progress on liquids growth, continued operational excellence of our low-cost natural gas foundation, and solid performance on our 2019 objectives. With modern, low emissions-intensity assets and our Glacier Carbon Sequestration project, the Corporation continues to proudly deliver clean and sustainable energy, contributing to a [...]
2019 Year-End Reserves & Operating Results Advantage Oil & Gas Ltd. is pleased to announce its 2019 year-end reserve evaluation by Sproule Associates Limited , and a summary of 2019 operating results. During 2019, Advantage achieved several important milestones in our liquids-focused transition, as demonstrated by our reserves additions and operating results. These achievements have positioned Advantage for a step change [...]
Advancing Light Oil with A Solid Natural Gas Foundation Advantage Oil & Gas Ltd. is pleased to announce its 2020 capital budget which targets investment between $170 and $200 million. These investments will continue to advance the Corporation's liquids transition plan by focusing on our Progress and Pipestone/Wembley light oil assets, complementing our solid foundation of low-cost natural gas and condensate at Glacier and [...]
Advantage Oil & Gas Ltd. is pleased to announce the appointment of Mr. Mike Belenkie to the position of President in addition to his current role as Chief Operating Officer of Advantage. Advantage is also pleased to announce the appointment of Mr. John Quaife as Vice President, Finance of the Corporation. Mr. Belenkie joined Advantage in 2018 and has already made significant contributions to further the Corporation's [...]
Liquids Production Transition On-Track with Corporate Plan Advantage Oil & Gas Ltd. is pleased to announce solid third quarter 2019 results and the fifth consecutive quarter of increasing liquids production. Development is proceeding as planned on Advantage's significant Montney oil and liquids assets, and exposure to light oil and condensate revenue continues to increase. The Corporation's measured delineation program [...]
Advantage Oil & Gas Ltd. is pleased to announce a significant Montney light oil pool has been discovered and appraised at Progress, Alberta, on the Corporation's 47 net section block of 100% owned lands. This discovery elevates the Progress asset to be a primary element of the Corporation's near-term liquids development program. Advantage has drilled four successful Montney wells to date at Progress, with the most [...]
Solid Adjusted Funds Flow Driven by Liquids Production Growth and Market Diversification Gains CALGARY, Aug. 1, 2019 /CNW/ - Advantage Oil & Gas Ltd. is pleased to announce solid operating and financial results for the second quarter of 2019 with liquids production growth of 142%, strong market diversification gains of $16 million and continued low costs. The Corporation's second quarter operational highlights were [...]
Increased Liquids Production and Market Diversification Gains Deliver Solid Adjusted Funds Flow Advantage Oil & Gas Ltd. is pleased to provide an operational update which includes solid second quarter 2019 results driven by higher than planned liquids production and strong market diversification gains. Liquids production during the quarter increased 142% year over year to 2,580 bbls/d, primarily from bringing on two [...]
70+ oil & gas industry management teams will discuss 2019-2020 operations at EnerCom's 24th Denver energy investment conference The oil and gas companies presenting at EnerCom's 24th annual The Oil & Gas Conference® are largely independent exploration and production companies developing oil and gas assets. The conference affords oil and gas analysts, portfolio managers, family offices and other buyside investors an [...]
Advantage Oil & Gas Ltd. is pleased to announce that on May 9, 2019 it held its annual general meeting of shareholders. A total of 152,843,632 common shares were represented at the Meeting in person or by proxy. At the Meeting, shareholders approved the election of six nominees as directors of Advantage to serve until the next annual meeting of shareholders or until their successors are elected or appointed, with the [...]
2019 Liquids Production Growth On-Track with Lower Capital Advantage Oil & Gas Ltd. is pleased to announce continued advancement of our liquids development plan as demonstrated by our first quarter 2019 results. Advantage's achievements include: 13% increase in production to 44,900 boe/d, including an 84% increase in liquids production to 2,030 bbls/d during the quarter, on plan to exceed 2,300 bbls/d in the second [...]
Liquids Growth, Market Diversification & Operational Excellence Advantage Oil & Gas Ltd. is pleased to announce its 2018 results, culminating in increased liquids development, successful revenue diversification, and operational excellence. These accomplishments, combined with an emphasis on capital and financial discipline, will continue to strengthen the Corporation's solid business and advance its multi-year liquids [...]
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