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BRIEF-Advantage Announces 2018 Year-End Reserves & Operations Update

Stock MarketsFeb 12, 2019 00:10
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© Reuters. BRIEF-Advantage Announces 2018 Year-End Reserves & Operations Update

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

BRIEF-Advantage Announces 2018 Year-End Reserves & Operations Update
 

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