Advantage Oil & Gas Ltd. is pleased to announce increased 2021 production guidance, reduced 2021 capital guidance, and 2020 year-end results and reserves highlights. Results from Advantage's 2020 drilling program have exceeded expectations both in costs and well performance, positively impacting our 2020 reserves, financial outlook and 2021 guidance. Drilling in 2020 was entirely gas-focused at Glacier, with the first [...]
Advantage Oil & Gas Ltd. is pleased to provide an operational update, including a step change in well productivity combined with reduced capital costs. All development in the second half of 2020 was focused on the foundational Glacier asset, using existing infrastructure and owned plant capacity, with a focus on highest internal rate of return wells. Development Program Highlights from the Second Half of 2020: Drilled 13 [...]
Advantage Oil & Gas Ltd. is pleased to report solid third quarter 2020 financial and operating results and announce its 2021 capital program. Production, operating costs and adjusted funds flow met or exceeded expectations, despite the volatile macroeconomic environment. Advantage's strong foundations have supported the Corporation through the pandemic, with a fortified balance sheet , low base decline , low operating [...]
Advantage Oil & Gas Ltd. is pleased to announce a modest increase in 2020 capital guidance, as a result of continued strengthening of the Corporation's outlook. Spending for 2020 is now projected to be between $147 million and $162 million, an increase of approximately $17 million, primarily to accelerate a four-well pad into Q4 2020 and augment natural gas production through the winter season. Program highlights: The [...]
Agreement to Supply Clean, Low Emissions Natural Gas to Recently Financed, State-of-the-Art CPV Three Rivers Energy Center in Grundy County, Illinois Advantage Oil & Gas Ltd. and Competitive Power Ventures announce today that the companies have agreed to a long-term gas supply agreement for the recently financed CPV Three Rivers Energy Center in Grundy County, Illinois. Advantage will supply 25,000 MMbtu per day of clean [...]
Advantage Oil & Gas Ltd. is pleased to announce its second quarter 2020 financial and operating results. The Corporation's key priorities during the COVID-19 pandemic continue to be the health and safety of all our personnel. We also wish to thank all front-line workers who deliver our essential services, including energy. Highlights for the quarter include: Cash provided by operating activities was $24.4 million Adjusted [...]
Advantage Oil & Gas Ltd. is pleased to announce it has successfully closed the previously announced sale of a 12.5% interest in the Glacier Gas Plant to Topaz Energy Corp. and received $100 million cash proceeds . This transaction fortifies Advantage's robust balance sheet and augments the Corporation's ability to execute value-generating capital projects and strategic opportunities. Advantage retains the remaining 87.5 [...]
Advantage Oil & Gas Ltd. is pleased to announce the renewal of the Corporation's existing $400 million revolving credit facility, following completion of its annual review by the syndicate of lenders. Upon closing of the previously announced sale of a 12.5% interest in the Glacier Gas Plant for $100 million in July 2020 , Advantage and the lending syndicate have agreed to adjust the revolving credit facility to $350 [...]
Advantage Oil & Gas Ltd. is pleased to announce that on May 7, 2020 it held its annual general meeting of shareholders. A total of 147,615,785 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 [...]
Advantage Oil & Gas Ltd. is pleased to announce solid first quarter 2020 operating results including production of 46,458 boe/d and record liquids production of 3,714 bbls/d with continued low operating costs of $2.28/boe. Production from new wells at Progress and Pipestone/Wembley is meeting or exceeding expectations, and performance of the foundational assets at Glacier and Valhalla has remained robust. Advantage's [...]
In the news release, Advantage Announces Agreement to Sell 12.5% Interest in Glacier Gas Plant for $100 Million, issued 13-Apr-2020 by Advantage Oil & Gas Ltd. over CNW, the footnote details under "Transaction Summary" was inadvertently missed. The complete, corrected release follows: Advantage Announces Agreement to Sell 12.5% Interest in Glacier Gas Plant for $100 Million Advantage Oil & Gas Ltd. is pleased to announce [...]
Advantage Oil & Gas Ltd. is pleased to announce it has reached a definitive agreement to sell a 12.5% interest in the Glacier Gas Plant to a strategic partner for $100 million cash proceeds. This transaction will fortify Advantage's robust balance sheet during a time of unprecedented volatility and augment the Corporation's ability to pursue strategic opportunities and execute value-generating capital projects. National [...]
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