Business
/C O R R E C T I O N -- Advantage Oil & Gas Ltd./
/C O R R E C T I O N -- Advantage Oil & Gas Ltd./ /C O R R E C T I O N -- Adva...
About this update from Advantage Energy Ltd
[{"type":"text","content":"\n\n\n\n\n/C O R R E C T I O N -- Advantage Oil & Gas Ltd./\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-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:1pt; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n/C O R R E C T I O N -- Advantage Oil & Gas Ltd./\nCanada NewsWire\nCALGARY, April 13, 2020\n\n\n\nIn the news release, Advantage Announces Agreement to Sell 12.5% Interest in Glacier Gas Plant for $100 Million, issued 13-Apr-2020 by Advantage Oil & Gas Ltd. over CNW, the footnote details under \"Transaction Summary\" was inadvertently missed. The complete, corrected release follows:\n\nAdvantage Announces Agreement to Sell 12.5% Interest in Glacier Gas Plant for $100 Million\n\n\n(TSX: AAV)\n CALGARY, April 13, 2020 /CNW/ - Advantage Oil & Gas Ltd. (\"Advantage\" or the \"Corporation\") is pleased to announce it has reached a definitive agreement to sell a 12.5% interest in the Glacier Gas Plant to a strategic partner for $100 million cash proceeds. This transaction will fortify Advantage's robust balance sheet during a time of unprecedented volatility and augment the Corporation's ability to pursue strategic opportunities and execute value-generating capital projects. National Bank Financial Inc. acted as financial advisor to Advantage on the transaction.\n\n \n \n \n \n \n \n\n \nMinor Plant Interest Sale Enhances Significant Flexibility\nThe Glacier Gas Plant is one of the largest producer-owned gas processing facilities in Canada. It was commissioned by Advantage in 2010 and expanded in six phases to reach 400 mmcf/d raw gas and 6,800 bbl/d liquids capacity by 2018. The Plant features innovative design, high operating run-times, zero venting, and state-of-the-art automation technology. Complemented by the Glacier Acid Gas Sequestration project, it continues to be a key element of Advantage's leading operating cost structure and extremely low carbon...