Advantage Energy Ltd.

Advantage Energy Ltd. is pleased to announce an increase of $20 million to the 2021 capital guidance range, now set at $140 million to $150 million. The Corporation's 2021 development program is two months ahead of schedule and capital to-date is below budget, creating an opportunity to optimize fourth quarter operations and deliver higher production into winter markets. Commodity prices remain robust while Advantage's [...]

Entropy Inc. is pleased to announce the initiation of a formal process to explore alternatives for raising external capital, including a private placement of equity securities of the Corporation . Entropy intends that the net proceeds from the Financing would be used to fund the commercial development of Carbon Capture and Sequestration projects using Entropy's patent-pending process design, Entropy23TM solvent, and deep [...]

Advantage Energy Ltd. is pleased to report its second quarter 2021 results including record production of 50,011 boe/d, a significant increase in free cash flow and accelerated debt reduction. Production from the winter drilling program continued to exceed expectations while gas prices remained elevated during the quarter, with the payout of new wells averaging 8 months from the on-stream date. Production was relatively [...]

Entropy Inc. is pleased to announce initial results from its technology development program at the University of Regina's Clean Energy Technologies Research Institute and the appointment of Jason Chadwick to Entropy's executive team. Technology Development Update Extended testing conducted at CETRI's world-class research facility has confirmed Entropy's proprietary carbon capture solvent possesses high-performance [...]

Entropy Inc. is pleased to announce Memoranda of Understanding with four separate emitting corporations to develop Carbon Capture and Storage projects totaling approximately 1 million tonnes per annum. These MOUs represent an important step in commercial deployment of Entropy technology, demonstrate versatility across a broad range of applications and jurisdictions, and provide visibility to a significant pipeline of [...]

Advantage Energy Ltd. is pleased to announce that its name has changed from "Advantage Oil & Gas Ltd." to "Advantage Energy Ltd.", as approved by its shareholders on May 6, 2021. The common shares of Advantage Energy Ltd. will continue to trade on the Toronto Stock Exchange under the Corporation's existing trading symbol and it is anticipated that trading under the new name will commence within two business days following [...]

Advantage Oil & Gas Ltd. is pleased to announce that on May 6, 2021 it held its annual general and special meeting of shareholders. A total of 134,318,612 common shares were represented at the Meeting in person or by proxy. At the Meeting, shareholders approved the election of eight nominees as directors of Advantage to serve until the next annual meeting of shareholders or until their successors are elected or appointed [...]

Advantage Oil & Gas Ltd. is pleased to announce that its subsidiary Entropy Inc. has signed a Technology Development and Funding Agreement with the University of Regina's Clean Energy Technologies Research Institute , which secures exclusive ownership of a new generation of carbon capture solvents. Highlights of the Agreement include: Entropy has secured exclusive rights to a novel solvent designed specifically for [...]

Advantage Oil & Gas Ltd. is pleased to report first quarter 2021 results including record production, significant free cash flow and a material reduction in net debt. Results from Advantage's winter drilling program have continued to exceed expectations both in costs and well performance while gas prices were elevated during the quarter, strengthening our financial outlook and guidance for 2021. Drilling in the first [...]

Advantage Oil & Gas Ltd. is pleased to provide an operational update following the conclusion of its winter capital program. For the first quarter of 2021, Advantage achieved record average production of approximately 49,700 boe/d, an increase of 14% over the previous quarter. All fourteen new wells completed at Glacier have exceeded Management's expectations, and adjusted funds flow is expected to exceed capital by over [...]