Advantage Energy Ltd. , is pleased to announce that it has completed its previously announced bought deal financing pursuant to a prospectus supplement dated June 12, 2024 to Advantage's short form base shelf prospectus dated June 10, 2024 . Advantage, through a syndicate of underwriters co-led by TD Securities Inc. and Scotiabank, issued a total of 5,910,000 subscription receipts at a price of $11.00 per Subscription [...]
TORONTO, June 11, 2024 /CNW/ - Trading resumes in: Company: Advantage Energy Ltd. TSX Symbol: AAV All Issues: Yes Resumption : 8:00 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity [...]
The prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with this offering will be accessible through SEDAR+ within two business days Advantage Energy Ltd. , is pleased to announce that it has entered into a definitive asset purchase agreement to acquire high-quality, synergistic Charlie Lake and Montney assets from a private seller for cash consideration of $450 million [...]
TORONTO, June 10, 2024 /CNW/ - The following issues have been halted by CIRO: Company: Advantage Energy Ltd. TSX Symbol: AAV All Issues: Yes Reason: Pending News Halt Time : 04:23 PM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which [...]
Advantage Energy Ltd. is pleased to announce that on May 14, 2024 it held its annual general and special meeting of shareholders . A total of 131,831,998 common shares were represented at the Meeting in person or by proxy. At the Meeting, shareholders approved the election of nine nominees as directors of Advantage to serve until the next annual meeting of shareholders or until their successors are elected or appointed [...]
Advantage Energy announced that the Corporation is proceeding with, and the Toronto Stock Exchange has approved, the Corporation renewing its normal course issuer bid. Pursuant to the Bid, Advantage will purchase for cancellation, from time to time, as it considers advisable, up to a maximum of 13,835,841 common shares of the Corporation. The Bid will commence on May 14, 2024 and will terminate on May 13, 2025 or such [...]
Advantage Energy Ltd. is pleased to report 2024 first quarter financial and operating results. Advantage continued to execute on its three-year plan in the first quarter, delivering exceptional well results and expanding our Tier 1 drilling inventory. Since we exited 2023 with net debt below our target range, we were able to enhance shareholder returns in a period of weak commodity pricing with opportunistic [...]
Advantage Energy Ltd. plans to report first-quarter 2024 financial and operational results following the close of North American markets on Thursday, April 25, 2024. Advantage's management team will discuss the results in a conference call and webcast presentation on Friday, April 26, 2024 at 8:00 am Mountain Time . To participate by phone, please call 1-888-664-6383 or 1-416-764-8650 . A recording of the conference call [...]
Advantage Energy is pleased to announce the appointment of John Festival to its Board of Directors, effective March 12, 2024. Mr. Festival has over 35 years of experience in the energy industry and has held multiple senior executive positions, including President & CEO of BlackRock Ventures Inc. from 1999 to 2006 and President & CEO of BlackPearl Resources from 2009 to 2019. Mr. Festival is currently the President & CEO [...]
Advantage Energy is pleased to report 2023 year-end financial and operating results as well as year-end 2023 reserves. Advantage achieved exceptional results during 2023, including record production, improved well results, and significant share buybacks, while ending the year below our net debt target. Additional achievements included an unbudgeted $10 million acquisition of 53 net Montney sections at Conroy and [...]
Advantage Energy plans to report year-end 2023 financial and operational results along with 2023 year-end reserves following the close of North American markets on Monday, March 4, 2024. Advantage's management team will discuss the results in a conference call and webcast presentation on Tuesday, March 5, 2024 at 8:00 am Mountain Time. Advantage plans to regularly host quarterly earnings calls going forward. To [...]
Advantage Energy is pleased to provide an operational update. Advantage had another year of exceptional results in 2023, including record fourth-quarter production of 68,384 boe/d and record monthly production of over 70,000 boe/d in December. Thanks in part to exceptional well results, Advantage will be able to deliver its 2024 program with reduced capital, trending well below the bottom end of current guidance, with [...]
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