Advantage Announces Second Quarter 2011 Results

About this update from Advantage Energy Ltd

[{"type":"text","content":"\n\n\n\n\n\nCompletion of Glacier Phase III Expansion Results in 22% Production Growth Lower Operating Costs. Glacier Phase IV Program Underway\n\n\n(TSX: AAV, NYSE: AAV)\n\n\nCALGARY, Aug. 11, 2011 /CNW/ - Advantage Oil Gas Ltd. (\"Advantage\" or\n the \"Corporation\") is pleased to announce our financial and operating\n results for the three months ended June 30, 2011. The following table\n summarizes the unconsolidated financial and operating highlights for\n Advantage:\n\n\n\n\n\n\n\n\n Financial and Operating Highlights  \n\nThree monthsendedJune 30, 2011\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$000\n\n\n \n\n\nper boe\n\n\nPetroleum and natural gas sales\n\n\n$\n\n\n  61,405\n\n\n$\n\n\n  28.45\n\n\nRoyalties    \n\n\n \n\n\n(7,837)\n\n\n \n\n\n(3.63)\n\n\nRealized gain on derivatives\n\n\n \n\n\n6,200\n\n\n \n\n\n2.87\n\n\nOperating expense  \n\n\n \n\n\n(14,556)\n\n\n \n\n\n(6.74)\n\n\nOperating    \n\n\n \n\n\n45,212 \n\n\n \n\n\n20.95 \n\n\nGeneral and administrative (1)\n\n \n\n\n(4,752)\n\n\n \n\n\n(2.20)\n\n\nFinance expense (2)  \n\n\n \n\n\n(3,963)\n\n\n \n\n\n(1.84)\n\n\nMiscellaneous income  \n\n\n \n\n\n110\n\n\n \n\n\n0.05\n\n\nFunds from operations  \n\n\n \n\n\n36,607 \n\n\n$\n\n\n16.96\n\n\nDividends from Longview\n\n\n \n\n\n2,945 \n\n\n \n\n\n \n\n\nTotal    \n\n\n$\n\n\n  39,552 \n\n\n \n\n\n \n\n\n \n\n\nper share (3)  \n\n\n$\n\n\n  0.24\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n         \n\n\n \n\n\n \n\n\nExpenditures on property, plant and equipment\n\n\n$\n\n\n6,023\n\n\n \n\n\n \n\n\nWorking capital deficit (4)\n\n$\n\n\n3,104\n\n\n \n\n\n \n\n\nBank indebtedness  \n\n\n$\n\n\n103,447\n\n\n \n\n\n \n\n\nConvertible debentures (face value)\n\n\n$\n\n\n148,544\n\n\n \n\n\n \n\n\nShares outstanding at end of period (000)\n\n\n \n\n\n165,145\n\n\n \n\n\n \n\n\nBasic weighted average shares (000)\n\n\n \n\n\n165,076\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n     ...

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