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Advantage's Recent Results Strengthen Operational & Financial Flexibility for Planned Growth to 350 mmcfe/d (58,330 boe/d)
Advantage's Recent Results Strengthen Operational & Financial Flexibility for Planned ...
About this update from Advantage Energy Ltd
[{"type":"text","content":"\n\n\n\nAdvantage's Recent Results Strengthen Operational & Financial Flexibility for Planned Growth to 350 mmcfe/d (58,330 boe/d)\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: TOP; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prngen3{\nBORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nAdvantage's Recent Results Strengthen Operational & Financial Flexibility for Planned Growth to 350 mmcfe/d (58,330 boe/d)\nCanada NewsWire\nCALGARY, July 6, 2016\n\n\n\n(TSX: AAV, NYSE: AAV) \n\n\n\nCALGARY, July 6, 2016 /CNW/ - Advantage Oil & Gas Ltd. (\"Advantage\" or the \"Corporation\") is pleased to report that its accomplishments during the second quarter of 2016 have further strengthened the foundation for the Corporation's next chapter of growth to 350 mmcfe/d (58,330 boe/d).  During the second quarter, production growth exceeded expectations and reduced operating costs contributed to record low total corporate cash costs.  Production performance from key wells, which contained the latest modified frac designs, demonstrated top quartile rates and Advantage's Glacier gas plant was operated near design throughput allowing us to confirm equipment capability. Advantage's sales gas pipeline loop was commissioned, increasing total take-away capacity to TCPL to 400 mmcf/d and back-up wells for water disposal and acid gas injection to support the next Glacier plant expansion were completed.  Additionally, we have secured a base level of increasing natural gas firm service transportation commitments which total 293 mmcf/d by early 2019. \n\nThe Corporation is well positioned to increase production significantly without inc...