Advantage Oil & Gas Ltd. is a growth-oriented corporation focused entirely on development of its significant position in the Montney natural gas and liquids resource play. The Corporation’s common shares trade on the Toronto Stock Exchange under the symbol AAV with its head office in Calgary, Alberta, Canada.
Advantage’s Montney assets are located from approximately 4 – 80km northwest of the city of Grande Prairie, Alberta. Advantage’s land holdings consist of 200 net sections (128,000 acres) of liquids-rich Montney lands and include our signature property at Glacier and emerging land blocks at Valhalla, Progress and Pipestone/Wembley. Management estimates a future drilling inventory of >1,200 horizontal well locations. Total estimated capital expenditures over the life of the project could exceed $10 billion with associated reserves and production growth. Production has grown to 275 mmcfe/d (45,833 boe/d).
Advantage has recently updated its three year plan development which is focused on increasing liquids (condensate) production to further diversify our revenue sources and strengthen our already solid business foundation.