Business
Advantage Announces Closing of $76.6 Million Asset Disposition
CALGARY, July 16 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") (AAV - TSX, ...
About this update from Advantage Energy Ltd
[{"type":"text","content":"\n\n\n\nCALGARY, July 16 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the\n"Corporation") (AAV - TSX, AAV - NYSE) announced today that the disposition of\nthe Package Two Assets (as referenced in our press release dated June 15,\n2009) has successfully closed for gross proceeds of $76.6 million, subject to\ncustomary adjustments, with an April 1, 2009 effective date. The proceeds have\nreduced bank indebtedness under Advantage's credit facility, which may be\nsubsequently redrawn to fund future capital expenditures, and for general\ncorporate purposes.\n\n\nAdvisory\n\n\nThe information in this press release contains certain forward-looking\nstatements. These statements relate to future events or our future\nperformance. All statements other than statements of historical fact may be\nforward-looking statements. Forward-looking statements are often, but not\nalways, identified by the use of words such as "seek", "anticipate", "plan",\n"continue", "estimate", "expect", "may", "will", "project", "predict",\n"potential", "targeting", "intend", "could", "might", "should", "believe",\n"would" and similar expressions. These statements involve substantial known\nand unknown risks and uncertainties, certain of which are beyond Advantage's\ncontrol, including: the impact of general economic conditions; industry\nconditions; changes in laws and regulations including the adoption of new\nenvironmental laws and regulations and changes in how they are interpreted and\nenforced; fluctuations in commodity prices and foreign exchange and interest\nrates; stock market volatility and market valuations; volatility in market\nprices for oil and natural gas; liabilities inherent in oil and natural gas\noperations; uncertainties associated with estimating oil and natural gas\nreserves; competition for, among other things, capital, acquisitions, of\nreserves, undeveloped lands and skilled personnel; incorrect assessments of\nthe value of acquisitions; changes in income tax laws or changes in tax laws\nand incentive programs relating to the oil and gas industry and income trusts;\ngeological, technical, drilling and processing problems and other dif...