Feb 12 (Reuters) - Advantage Oil & Gas Ltd AAV.TO :
* ADVANTAGE ANNOUNCES 2018 YEAR-END RESERVES & OPERATIONS UPDATE
* ADVANTAGE OIL & GAS LTD - ADVANTAGE'S 2018 PROVED PLUS PROBABLE RESERVE ADDITIONS REPLACED 221% OF ANNUAL PRODUCTION
* ADVANTAGE OIL & GAS - Q4 2018 OPERATING RESULTS INCLUDED PRODUCTION OF 45,686 BOE/D AND A 61% INCREASE IN LIQUIDS PRODUCTION TO 1,974 BBLS/D.
* ADVANTAGE OIL & GAS LTD - 2018 PDP AND 2P RECYCLE RATIOS ARE 1.4 AND 1.5, RESPECTIVELY
* ADVANTAGE OIL & GAS LTD - 2019 CAPITAL SPENDING REVISED WITH MORE FLEXIBILITY AVAILABLE
* ADVANTAGE OIL & GAS LTD - ADVANTAGE'S 2019 NET CAPITAL EXPENDITURES GUIDANCE RANGE IS REDUCED TO $185 TO $215 MILLION FROM $210 TO $240 MILLION
* ADVANTAGE OIL & GAS LTD - NO IMPACT TO 2019 PRODUCTION GUIDANCE RANGE OF 43,500 TO 46,500 BOE/D (261 MMCFE TO 279 MMCFE/D) IS ANTICIPATED