Advantage Announces First Quarter 2013 Results

About this update from Advantage Energy Ltd

[{"type":"text","content":"\n\n\n\n\n\nSolid Operating and Financial Results Supports Development Plan to\n Double Production at Glacier \n\n\n(TSX: AAV, NYSE: AAV)\n\n\nCALGARY, May 9, 2013 /CNW/ - Advantage Oil & Gas Ltd. (\"Advantage\" or\n the \"Corporation\") is pleased to announce the financial and operating\n results for the three months ended March 31, 2013. The following press release summarizes and discusses the unconsolidated\n financial and operating highlights for Advantage (excludes Longview Oil\n Corp). \n\n\n\n\n\n \n\n\n \n\n\nThree months ended\n\n\n \n\n\n \n\n\n \n\n\nMarch 31\n\n\n \n\n\n \n\n\n \n\n\n2013\n\n\n \n\n\n2012\n\n\n \n\n\n \n\n\n \n\n \n\n \n\n\n \n\n \n\n \n\n\n \n\n\nFinancial ($000, except as otherwise indicated)\n\n \n \n\n \n\n \n \n\n \n\n\nSales including realized hedging\n\n\n $\n\n\n41,598 \n\n\n \n\n\n $\n\n\n33,425\n\n\n \n\n\n \n\n\nper share (2)\n\n $\n\n\n0.25 \n\n\n \n\n\n $\n\n\n0.20\n\n\n \n\n\n \n\n\nper boe\n\n\n $\n\n\n21.75 \n\n\n \n\n\n $\n\n\n15.89\n\n\n \n\n\nFunds from operations\n\n\n $\n\n\n21,484 \n\n\n \n\n\n $\n\n\n12,419\n\n\n \n\n\n \n\n\nper share (2)\n\n $\n\n\n0.13 \n\n\n \n\n\n $\n\n\n0.07\n\n\n \n\n\n \n\n\nper boe\n\n\n $\n\n\n11.23 \n\n\n \n\n\n $\n\n\n5.91\n\n\n \n\n\nDividends received from Longview\n\n\n $\n\n\n3,173 \n\n\n \n\n\n $\n\n\n4,417\n\n\n \n\n\n \n\n\nper share (2)\n\n $\n\n\n0.02 \n\n\n \n\n\n $\n\n\n0.03\n\n\n \n\n\nTotal capital expenditures\n\n\n $\n\n\n54,107 \n\n\n \n\n\n $\n\n\n63,327\n\n\n \n\n\nWorking capital deficit (3)\n\n $\n\n\n49,027 \n\n\n \n\n\n $\n\n\n70,422\n\n\n \n\n\nBank indebtedness\n\n\n $\n\n\n164,025 \n\n\n \n\n\n $\n\n\n188,569\n\n\n \n\n\nConvertible debentures (face value)\n\n\n $\n\n\n86,250 \n\n\n \n\n\n $\n\n\n86,250\n\n\n \n\n\nShares outstanding at end of period (000)\n\n \n\n168,383 \n\n\n \n\n \n\n166,573\n\n\n \n\n\nBasic weighted average shares (000)\n\n \n\n168,383 \n\n\n \n\n \n\n166,541\n\n\n \n\n\nOperating\...

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