Advantage Energy Ltd. is pleased to report its third quarter 2023 results, including record production, strong well performance, and continuing share buybacks, while net debta remained on-target. Development operations continued at a steady pace with a focus on our prolific Wembley and Glacier assets. Third Quarter 2023 Financial Highlights Cash provided by operating activities of $90.4 million Adjusted funds flow [a] of [...]
Entropy Inc. , a subsidiary of Advantage Energy Ltd. , provides a corporate update and announces with deep sympathy the passing of Rick Bower, Entropy's Chief Technology Officer. Corporate Update Entropy continues to expand our focus on the United States, with three projects advancing through engineering phase under commercial agreements. Preliminary front-end engineering and design has been completed on two American [...]
Advantage Energy Ltd. is pleased to report its second quarter 2023 results, including continued strong well performance and a successful major planned production outage while net debta remained on-target. Development operations continued at a steady pace with a focus on our liquids-weighted assets at Wembley, Valhalla and Progress. Second Quarter 2023 Financial Highlights Cash provided by operating activities of $38.0 [...]
Advantage Energy Ltd. is pleased to provide an operational update in advance of today's scheduled analyst presentation. While Glacier well results continue to achieve new benchmarks, Wembley, Valhalla and Progress have now been established as top-tier development-ready liquids assets. Highlights At Glacier, the last 14 wells have achieved an average IP30 of 14.3 mmcf/d , an increase of over 35% compared to a year ago [...]
Entropy Inc. , a subsidiary of Advantage Energy Ltd. , is pleased to provide a corporate update, including new performance achievements at the Glacier post-combustion carbon capture and storage project in Alberta, Canada, and increasing activities in the United States. Glacier CCS Phase 1a Operations Update Following the previously announced high-performance benchmarks at Glacier , Entropy conducted a multi-month [...]
Advantage Energy Ltd. is pleased to announce that on May 4, 2023 it held its annual general meeting of shareholders . A total of 124,481,542 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, with the [...]
Advantage Energy Ltd. is pleased to report its first quarter 2023 results, including 25% growth in production per share , while net debt remained below our $200 million target. Development operations continued at a steady pace with a focus on our liquids-weighted assets at Wembley, Valhalla and Progress. Financial Highlights Cash provided by operating activities of $106.0 million Adjusted funds flow of $96.8 million. AFF [...]
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 16,201,997 common shares of the Corporation. The Bid will commence on April 13, 2023 and will terminate on April 12 [...]
Advantage Energy Ltd. is pleased to report 2022 year-end financial and operating results as well as year-end 2022 reserves. Advantage achieved exceptional results during 2022, delivering clean, secure energy during the global energy shortage. Cash flow from operations was unprecedented, allowing the Corporation to buy back 11% of our outstanding shares in 8 months, returning $241 million to our shareholders, in addition [...]
Entropy Inc. , a subsidiary of Advantage Energy Ltd. , is pleased to provide an operational update on its first post-combustion carbon capture and storage project at Glacier, Alberta, and a corporate update. Glacier CCS Operations Phase 1 of Entropy's Glacier CCS project in two phases) has been running steadily since commissioning in July 2022, and the system performance has established a new global benchmark for [...]
Advantage Energy Ltd. announces the final results of its substantial issuer bid , pursuant to which the Corporation offered to purchase for cancellation up to $100,000,000 of its common shares . In accordance with the terms and conditions of the Offer, Advantage has taken up 8,928,571 Shares at a price of $11.20 per Share , representing an aggregate purchase of approximately $100,000,000 and 4.9% of the total number of [...]
Advantage Energy Ltd. announces the preliminary results of its substantial issuer bid , pursuant to which the Corporation offered to purchase for cancellation up to $100,000,000 of its common shares and which expired at 5:00 p.m. on December 16, 2022 . The Offer proceeded by way of a modified Dutch auction whereby holders of Shares could choose to either make: auction tenders at a tender price of not less than $11.20 and [...]
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