Advantage Energy Ltd.

Advantage Energy Ltd. is pleased to announce our 2024 budget and provide an update as we enter the second year of our three-year strategic plan. Advantage's 2024 capital program continues our focus on growing adjusted funds flow a per share via high rate-of-return development drilling. Top-line production is planned to grow by 10% with all free cash flow a allocated to our share buyback program. 2024 Budget Highlights [...]

Advantage Energy Ltd. is pleased to announce the publication of our new Sustainability Report which is available on our website at www.advantageog.com. The Report reflects key sustainability and operational metrics and achievements for the 2022 reporting year, outlining the progress we've made in advancing our environmental, social, and governance priorities. Sustainability Highlights Combined Scope 1 and 2 emission [...]

Advantage Energy Ltd. is pleased to report its third quarter 2023 results, including record production, strong well performance, and continuing share buybacks, while net debta remained on-target. Development operations continued at a steady pace with a focus on our prolific Wembley and Glacier assets. Third Quarter 2023 Financial Highlights Cash provided by operating activities of $90.4 million Adjusted funds flow [a] of [...]

Entropy Inc. , a subsidiary of Advantage Energy Ltd. , provides a corporate update and announces with deep sympathy the passing of Rick Bower, Entropy's Chief Technology Officer. Corporate Update Entropy continues to expand our focus on the United States, with three projects advancing through engineering phase under commercial agreements. Preliminary front-end engineering and design has been completed on two American [...]

Advantage Energy Ltd. is pleased to report its second quarter 2023 results, including continued strong well performance and a successful major planned production outage while net debta remained on-target. Development operations continued at a steady pace with a focus on our liquids-weighted assets at Wembley, Valhalla and Progress. Second Quarter 2023 Financial Highlights Cash provided by operating activities of $38.0 [...]

Advantage Energy Ltd. is pleased to provide an operational update in advance of today's scheduled analyst presentation. While Glacier well results continue to achieve new benchmarks, Wembley, Valhalla and Progress have now been established as top-tier development-ready liquids assets. Highlights At Glacier, the last 14 wells have achieved an average IP30 of 14.3 mmcf/d , an increase of over 35% compared to a year ago [...]

Entropy Inc. , a subsidiary of Advantage Energy Ltd. , is pleased to provide a corporate update, including new performance achievements at the Glacier post-combustion carbon capture and storage project in Alberta, Canada, and increasing activities in the United States. Glacier CCS Phase 1a Operations Update Following the previously announced high-performance benchmarks at Glacier , Entropy conducted a multi-month [...]

Advantage Energy Ltd. is pleased to announce that on May 4, 2023 it held its annual general meeting of shareholders . A total of 124,481,542 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, with the [...]

Advantage Energy Ltd. is pleased to report its first quarter 2023 results, including 25% growth in production per share , while net debt remained below our $200 million target. Development operations continued at a steady pace with a focus on our liquids-weighted assets at Wembley, Valhalla and Progress. Financial Highlights Cash provided by operating activities of $106.0 million Adjusted funds flow of $96.8 million. AFF [...]

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 16,201,997 common shares of the Corporation. The Bid will commence on April 13, 2023 and will terminate on April 12, 2024 or such [...]