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February 6, 2013
06:08 EDTAAVAdvantage Oil & Gas announces disposition of non-core assets
Since the commencement of our non-core asset disposition process, Advantage has closed four separate sales transactions and recently signed a definitive agreement with a fifth party which, on a combined basis, constitute the sale of substantially all of our non-core assets. Four transactions representing a total of approximately 420 boe/d provided total net cash proceeds of $27.8M. Upon closing of the non-core asset dispositions, Advantage's major assets will be our signature Glacier Montney property, with production of 90 to 100 mmcf/d, operating costs of approximately $0.30/mcf and a royalty rate of 5%, and our 45% interest in Longview Oil Corp.
News For AAV From The Last 14 Days
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February 17, 2015
18:59 EDTAAVAdvantage Oil & Gas approves FY15 capital budget of $160M
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18:58 EDTAAVAdvantage Oil & Gas replaced 321% of annual production
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18:56 EDTAAVAdvantage Oil & Gas increased production in March 2014 to 135 mmcfe/d
Advantage increased production in March 2014 to 135 mmcfe/d from 100 mmcfe/d as planned. This was achieved one month ahead of schedule and for less capital than anticipated due to improved well performance from new wells completed with slick water fracs during our 2013 drilling program. Since then, well performance from these 2013 wells have continued to demonstrate higher sustained production in the Upper, Middle and Lower Montney formations at Glacier.
18:11 EDTAAVAdvantage Oil & Gas sees FY15 average production 150mmcfe/d-160mmcfe/d
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