Advantage Provides Summary of Previously Announced Glacier Montney Resource Estimates

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[{"type":"text","content":"\n\n\n\n(TSX: AAV, NYSE: AAV)\n\n\nCALGARY, Sept. 30, 2013 /CNW/ - The Alberta Securities Commission has\n requested that Advantage Oil & Gas Ltd. (\"Advantage\" or the \"Company\")\n present its reserves and resource estimates contained in the press\n releases dated May 21, 2013 and July 15, 2013 (the \"Press Releases\")\n without providing a summation of the individual estimates of reserves,\n contingent resources and prospective resources. The individual\n estimates of volumes of reserves and resources effective as of March\n 31, 2013 as presented in the previous Press Releases are unchanged.\n\n\nThe evaluation of Advantage's Glacier Montney resources was prepared by\n Sproule Associates Ltd. (\"Sproule\"), an independent qualified reserve\n evaluator, with an effective date of March 31, 2013 in accordance with\n National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities and the Canadian Oil and Gas Evaluation Handbook (\"COGE Handbook\").\n\n\nThe following three tables summarize the results of Sproule's resource\n assessment of Advantage's Glacier Montney resources as at March 31,\n 2013:\n\n\nResource Categories (AAV Working Interest, Best Estimate, Raw) (1)\n\n\nTcf\n\n\nTotal Petroleum Initially In Place (TPIIP)\n\n\n16.03\n\n\nDiscovered Petroleum Initially in Place (DPIIP) (2)\n\n\n13.98\n\n\nUndiscovered Petroleum Initially in Place (UPIIP) (3)\n\n\n2.05\n\n\n\n\n\nDPIIP (AAV Working Interest, Sales) (2)\n\n\nLow Estimate\n\n\nBest Estimate\n\n\nHigh Estimate\n\n\nNatural Gas\n\n\n \n\n\n \n\n\n \n\n\nCumulative Production (Tcf) (4)\n\n0.100\n\n\n0.100\n\n\n0.100\n\n\nReserves (Tcf) (5)\n\n0.927\n\n\n1.526\n\n\n1.770\n\n\nContingent Resources (Tcf)\n\n\n2.316\n\n\n3.540\n\n\n4.898\n\n\nUnrecoverable DPIIP (Tcf)\n\n\n9.574\n\n\n7.751\n\n\n6.149\n\n\nNatural Gas Liquids \n\n\n \n\n\n \n\n\n \n\n\nCumulative Production (mbbls) (4)\n\n-\n\n\n-\n\n\n-\n\n\nReserves (mbbls) (5)\n\n5,949\n\n\n11,071\n\n\n12,732\n\n\nContingent Resources (mbbls)\n\n72,472\n\n\n110,274\n\n\n152,013\n\n\nUnrecoverable DPIIP (mbbls)\n\n\n225,654\n\n\n182,730\n\n\n139,330\n\n\n\n\n\nUPIIP (AAV Working Interest, Sales) (3)\n\n\nLow Estimate\n\n\nBest Estimate\n\n\nHigh Estimate\n\n\nNatural Gas\n\n\n \n\n\n \n\n\n \n\n\nProspective Resources (Tcf)\n\n\n0.342\n\n\n0.556\n\n...

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