Advantage Energy Ltd.

Advantage Energy Ltd. is pleased to announce that on May 14, 2024 it held its annual general and special meeting of shareholders . A total of 131,831,998 common shares were represented at the Meeting in person or by proxy. At the Meeting, shareholders approved the election of nine nominees as directors of Advantage to serve until the next annual meeting of shareholders or until their successors are elected or appointed [...]

Advantage Energy Ltd. announced today that the Corporation is proceeding with, and the Toronto Stock Exchange has approved, the Corporation renewing its normal course issuer bid . Pursuant to the Bid, Advantage will purchase for cancellation, from time to time, as it considers advisable, up to a maximum of 13,835,841 common shares of the Corporation. The Bid will commence on May 14, 2024 and will terminate on May 13, 2025 [...]

Advantage Energy Ltd. is pleased to report 2024 first quarter financial and operating results. Advantage continued to execute on its three-year plan in the first quarter, delivering exceptional well results and expanding our Tier 1 drilling inventory. Since we exited 2023 with net debt below our target range, we were able to enhance shareholder returns in a period of weak commodity pricing with opportunistic [...]

Advantage Energy Ltd. plans to report first-quarter 2024 financial and operational results following the close of North American markets on Thursday, April 25, 2024. Advantage's management team will discuss the results in a conference call and webcast presentation on Friday, April 26, 2024 at 8:00 am Mountain Time . To participate by phone, please call 1-888-664-6383 or 1-416-764-8650 . A recording of the conference call [...]

Advantage Energy is pleased to announce the appointment of John Festival to its Board of Directors, effective March 12, 2024. Mr. Festival has over 35 years of experience in the energy industry and has held multiple senior executive positions, including President & CEO of BlackRock Ventures Inc. from 1999 to 2006 and President & CEO of BlackPearl Resources from 2009 to 2019. Mr. Festival is currently the President & CEO [...]

Advantage Energy is pleased to report 2023 year-end financial and operating results as well as year-end 2023 reserves. Advantage achieved exceptional results during 2023, including record production, improved well results, and significant share buybacks, while ending the year below our net debt target. Additional achievements included an unbudgeted $10 million acquisition of 53 net Montney sections at Conroy and [...]

Advantage Energy plans to report year-end 2023 financial and operational results along with 2023 year-end reserves following the close of North American markets on Monday, March 4, 2024. Advantage's management team will discuss the results in a conference call and webcast presentation on Tuesday, March 5, 2024 at 8:00 am Mountain Time. Advantage plans to regularly host quarterly earnings calls going forward. To [...]

Advantage Energy is pleased to provide an operational update. Advantage had another year of exceptional results in 2023, including record fourth-quarter production of 68,384 boe/d and record monthly production of over 70,000 boe/d in December. Thanks in part to exceptional well results, Advantage will be able to deliver its 2024 program with reduced capital, trending well below the bottom end of current guidance, with [...]

Currency: CAD unless otherwise stated Today, Canada Growth Fund Inc. and Advantage Energy Ltd. announced that CGF has entered into a strategic investment agreement with Entropy Inc. , a Calgary-based developer of technologically-advanced carbon capture and sequestration projects with the potential to significantly reduce emissions in Canada and worldwide. CGF has agreed to a $200 million investment in Entropy coupled with [...]

Advantage Energy Ltd. is pleased to announce our 2024 budget and provide an update as we enter the second year of our three-year strategic plan. Advantage's 2024 capital program continues our focus on growing adjusted funds flow a per share via high rate-of-return development drilling. Top-line production is planned to grow by 10% with all free cash flow a allocated to our share buyback program. 2024 Budget Highlights [...]