Business
Advantage Announces Third Quarter 2013 Results
Glacier Outperforms Budget Middle Montney Liquids Demonstrate Consistency Two New Lowe...
About this update from Advantage Energy Ltd
[{"type":"text","content":"\n\n\nGlacier Outperforms BudgetMiddle Montney Liquids Demonstrate ConsistencyTwo New Lower Montney Wells Test at Combined Rate of 20 mmcf/dStrategic Alternatives Update\n\n\n(TSX: AAV, NYSE: AAV)\n\n\nCALGARY, Nov. 7, 2013 /CNW/ - Advantage Oil & Gas Ltd. (\"Advantage\" or\n the \"Corporation\") is pleased to announce the unconsolidated financial\n and operating results (excludes Longview Oil Corp.) for the three and\n nine months ended September 30, 2013. The detailed results are included in Appendix A.\n\n\nGlacier continues to demonstrate solid performance as reflected in our\n third quarter 2013 Corporate results. This quarter represents the first\n reporting period which excludes the non-core assets that were sold in\n April, 2013.\n\n\n\n\n\nAdvantage Unconsolidated Results (1)\n\n \n\n \n\n\n      Three months ended September 30, 2013  \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\nOperating\n\n \n\n \n\n\n \n\n\nFinancial\n\n\n \n\n\n \n\n\n \n\n\nDaily Production\n\n \n\n \n\n\n \n\n\n \n\n \n\n$000\n\n\nper mcfe\n\n\n \n\n\n  Natural gas (mcf/d)\n\n \n\n111,518\n\n\n \n\n\nPetroleum and natural gas sales\n\n\n $\n\n\n26,148\n\n\n $ 2.53\n\n\n \n\n\n  Crude oil and NGLs (bbls/d)\n\n \n\n105\n\n\n \n\n\nRoyalties\n\n \n\n(1,283)\n\n\n(0.12)\n\n\n \n\n\n  Total mcfe/d (2)\n\n\n \n\n\n112,148 \n\n\n \n\n\n    Royalty Rate\n\n \n\n4.9%\n\n\n \n\n\n \n\n\n  Total boe/d (2)\n \n\n18,691\n\n\n \n\n\nRealized gain on derivatives\n\n \n\n1,709\n\n\n0.17\n\n\n \n\n\n \n\n \n\n \n\n\n \n\n\nOperating expense\n\n \n\n(2,978)\n\n\n(0.29)\n\n\n \n\n\nAverage prices (excluding hedging)\n\n\n \n\n \n\nOperating  income and netback\n\n\n $\n\n\n23,596\n\n\n $ 2.29 \n\n\n \n\n\n  Natural gas ($/mcf)\n\n\n $\n\n\n2.46\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n  Crude oil and NGLs ($/bbl)\n\n\n $\n\n\n95.13\n\n\n \n\n\nTotal capital spending\n\n\n $\n\n\n28,001\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \...