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Stock Market & Financial Investment News

News Breaks
February 4, 2014
16:39 EDTAAVAdvantage Oil & Gas sells 21.15M Longview shares for C$94.1M
Advantage Oil & Gas said in support of its multi-year growth plan, it has entered into an agreement to sell the 21.15M Longview common shares owned by Advantage at a price of CDN $4.45 per share for aggregate gross proceeds of CDN $94.1M. Closing of the offering is anticipated to be on or about February 26, and all of the net proceeds will be used to reduce Advantage's existing bank indebtedness. The management of Advantage will continue to be led by Andy Mah, President and CEO and Director, Neil Bokenfohr, Vice President Exploitation, and Craig Blackwood, Vice President Finance and CFO. Blackwood has resigned as CFO of Longview to focus entirely on Advantage.
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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