Advantage Announces Natural Gas Hedging Update

About this update from Advantage Energy Ltd

[{"type":"text","content":"\n\n\n(TSX: AAV, NYSE: AAV)\n\n\nCALGARY, May 31, 2013 /CNW/ - Advantage Oil & Gas Ltd. (\"Advantage\" or the \"Corporation\") is pleased to announce that we have increased our natural gas\n commodity price hedges for the period October 2013 to March 2014. Below\n is a list of the new derivative contracts entered into by Advantage:\n\n\n\n\n \n \n \n\nAverage Price\n\n\nDescription of Derivative \n\n\nTerm \n\n\nVolume \n\n\n$Cdn. AECO\n\n\nNatural gas - AECO\n\n \n \n \n\nFixed price \n\n\nOctober 2013 to March 2014 \n\n\n5,687 mcf/d \n\n\n$4.01/mcf\n\n\nFixed price \n\n\nOctober 2013 to March 2014 \n\n\n5,687 mcf/d \n\n\n$4.01/mcf\n\n \n \n \n \n\nA summary of the current commodity hedge positions is indicated below:\n\n\n\n\n \n \n\nAverage Price\n\n\nPeriod \n\n\nAverage Volume Hedged \n\n\n$Cdn. AECO\n\n\nQ2 2013 to Q1 2014 \n\n\n40,741 mcf/d \n\n\n$3.50/mcf\n\n\nQ2 2014 to Q1 2015 \n\n\n52,130 mcf/d \n\n\n$3.82/mcf\n\n\nQ2 2015 to Q1 2016 \n\n\n42,652 mcf/d \n\n\n$3.90/mcf\n\n \n \n \n\nA detailed list of all individual derivative contracts as at May 31,\n 2013 is available on our website at www.advantageog.com.\n\nSOURCE: Advantage Oil & Gas Ltd.\n\n\n Investor RelationsToll free: 1-866-393-0393 ADVANTAGE OIL & GAS LTD. 700, 400 - 3rd Avenue SW Calgary, Alberta T2P 4H2 Phone: (403) 718-8000 Fax: (403) 718-8300 Web Site: www.advantageog.com Copyright CNW Group 2013","length":4009,"tagName":"div"}]

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