Business
Advantage Announces First Quarter 2010 Results
Advantage Announces First Quarter 2010 Results
About this update from Advantage Energy Ltd
[{"type":"text","content":"\n\n\n\n May 13, 2010 (Canada NewsWire Group) -- (TSX: AAV, NYSE: AAV)\n\n Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to announce its unaudited operating and financial results for the first quarter ended March 31, 2010.\n\n\n >\n\n\nMESSAGE TO SHAREHOLDERS\n\nGlacier - Lower Capital Expenditures & Early Gas Plant Commissioning Positions Advantage for Future Growth\n\n\n >\n\n\nFinancial Results Strengthened through Hedging Gains, Lower Royalties & Operating Costs\n\n\n >\n\n\nHedging Update\n\n\n >\n\n\nNon-Core Asset Dispositions of $67 Million Further Enhances Financial Flexibility\n\n\n >\n\n\nLooking Forward\n\n\n >\n\n\nAdministrative Matters - Restricted Share Performance Incentive Plan ("RSPIP")\n\n\n >\n\nAdvantage's upcoming annual and special meeting of shareholders will be held on May 26, 2010 at 10:00am MST in the Lecture Theatre at the Metropolitan Centre located at 333 - 4 Avenue S.W., Calgary, Alberta.\n\nMANAGEMENT'S DISCUSSION & ANALYSIS\n\nThe following Management's Discussion and Analysis ("MD&A"), dated as of May 13, 2010, provides a detailed explanation of the financial and operating results of Advantage Oil & Gas Ltd. ("Advantage", the "Corporation", "us", "we" or "our") for the three months ended March 31, 2010 and should be read in conjunction with the unaudited consolidated financial statements for the three months ended March 31, 2010 and the audited consolidated financial statements and MD&A for the year ended December 31, 2009. The consolidated financial statements have been prepared in accordance with Canadian generally accepted accounting principles ("GAAP") and all references are to Canadian dollars unless otherwise indicated. All per barrel of oil equivalent ("boe") amounts are stated at a conversion rate of six thousand cubic feet of natural gas being equal to one barrel of oil or liquids.\n\nForward-Looking Information\n\nThis MD&A contains certain forward-looking statements, which are based on our current internal expectations, estimates, projections, assumptions and beliefs. These statements relate to future events or our future performance. All statements other than statements of historical fact may be forward-...