Nov 1 (Reuters) - Advantage Oil & Gas Ltd AAV.TO :
* QTRLY PRODUCTION OF 45,611 BOE/D (273.7 MMCFE/D), UP 29% FROM Q2 OF 2018 AND UP 20% FROM SAME PERIOD IN 2017
* ADVANTAGE OIL & GAS - BOARD HAS APPROVED THREE YEAR DEVELOPMENT PLAN ( "PLAN") INCLUDING CORPORATION'S 2019 CAPITAL AND OPERATING BUDGET
* SAYS ADJUSTED FUNDS FLOW DURING QUARTER WAS $32 MILLION OR $0.17/SHARE
* PLAN DESIGNED TO INCREASE ADJUSTED FUNDS FLOW BY 15% TO $0.99/SHARE IN 2019
* ADVANTAGE OIL & GAS - PLAN TO INCREASE ADJUSTED FUNDS FLOW 26% TO $1.25/SHARE IN 2020, 34% TO $1.67/SHARE IN 2021 OVER EACH PRIOR ANNUAL PERIOD
* PLAN DESIGNED TO INCREASE ADJUSTED FUNDS FLOW PER BOE BY 58% TO $16.56/BOE ($2.76/MCFE)
* ADVANTAGE OIL & GAS-PLAN TO BE INTERNALLY FUNDED BY REDEPLOYING GLACIER ASSET'S SURPLUS CASH,GROWING LIQUIDS REVENUE,EXISTING CREDIT FACILITIES
* ADVANTAGE OIL & GAS -PLAN TO INCREASE AVERAGE PRODUCTION BY 25% OR 8% COMPOUNDED ANNUALLY TO 52,300 BOE/D IN 2021 OVER 2018 ESTIMATE