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BRIEF-Advantage Oil & Gas Sees 2020 Capital Budget Which Targets Investment Between $170 Mln And $200 Mln

Published 2020-01-08, 05:34 p/m
© Reuters.  BRIEF-Advantage Oil & Gas Sees 2020 Capital Budget Which Targets Investment Between $170 Mln And $200 Mln
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Jan 8 (Reuters) - Advantage Oil & Gas Ltd AAV.TO :

* ADVANTAGE OIL & GAS LTD - SEES 2020 CAPITAL BUDGET WHICH TARGETS INVESTMENT BETWEEN $170 AND $200 MILLION.

* ADVANTAGE OIL & GAS - 2020 LIQUIDS PRODUCTION IS EXPECTED TO ACHIEVE YEAR-END EXIT RATE OF ABOUT 9,000 BBLS/D

* ADVANTAGE OIL & GAS LTD - INCREASE LIQUIDS REVENUE TO APPROXIMATELY 35% OF TOTAL REVENUE IN 2020

* ADVANTAGE OIL & GAS - 2020 CAPITAL BUDGET EXPECTED TO CULMINATE IN "SIGNIFICANT INCREASE IN REVENUE BY YEAR-END"

* ADVANTAGE OIL & GAS LTD - 2020 CAPITAL BUDGET ASSUMES AVERAGE PRODUCTION OF 45,000 BOE/DAY TO 47,500 BOE/DAY

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