Advantage Energy Ltd. announces that, in connection with the Corporation's ongoing substantial issuer bid , the Alberta Securities Commission has granted an order permitting Advantage to extend the Offer, in certain circumstances, without first taking up any common shares previously deposited under the Offer. Under applicable securities laws, the Offer could not be extended in such circumstances without the Relief Order [...]
Advantage Energy Ltd. is pleased to announce its 2023 budget and three-year strategic plan. Advantage's 2023 capital program is focused on prudent cash flow per share growth via high rate-of-return development drilling into existing infrastructure. Top-line production is planned to grow by 11% year-over-year, and all free cash flow will remain allocated to the Corporation's share buyback program. 2023 Budget Highlights [...]
Advantage Energy Ltd. announces that is has commenced its previously announced substantial issuer bid to purchase for cancellation up to $100,000,000 of its common shares . The Offer will remain open for acceptance until 5:00 p.m. on December 16, 2022, or at such later time and date to which the Offer may be extended or varied by the Corporation, unless withdrawn. The Offer will proceed by way of a modified Dutch auction [...]
Advantage Energy Ltd. announces the terms of its substantial issuer bid pursuant to which the Corporation will offer to purchase for cancellation up to $100,000,000 of its common shares . The Offer will proceed by way of a modified Dutch auction and holders of Shares wishing to tender to the Offer may do so pursuant to: auction tenders in which the tendering Shareholders specify the number of Shares being tendered at a [...]
Advantage Energy Ltd. announces that the Board of Directors has authorized the initiation of a substantial issuer bid pursuant to which the Corporation intends to offer to purchase for cancellation up to $100,000,000 of its common shares . The Corporation anticipates that the terms and pricing will be determined, and the Offer will commence, during the next two weeks and will be completed before the end of December 2022 [...]
Advantage Energy Ltd. is pleased to provide third quarter 2022 results, with production, share buybacks, capital spending and leverage targets all on track to achieve corporate goals. Our corporate focus remains on growing adjusted funds flow per share, via highest netback production growth and share count reduction. Production remains on track to grow by approximately 10% year-over-year while delivering strong free cash [...]
Entropy Inc. , a subsidiary of Advantage Energy Ltd. , is pleased to provide an operational and commercial update as carbon capture and storage operations continue at the Glacier Gas Plant in Alberta, Canada. Operational Update Following the commissioning and initial operations at the Glacier CCS project , Entropy has completed a 14-day steady-state benchmarking trial using MEA . Entropy's proprietary Modular Carbon [...]
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 the Glacier Gas Plant in Alberta, Canada. Commissioning of Phase 1 ) has been completed as expected with "first carbon" injected into permanent geological storage during August. Entropy believes this is the world's first commercial project to capture and [...]
Advantage Energy Ltd. is pleased to report its second quarter 2022 results including record production, record adjusted funds flow and a surge in profitability, while debt fell rapidly below our $200 million target. As a result, Advantage will accelerate its return-of-capital efforts whereby all free cash flow will be allocated to share buybacks. Financial Highlights Record cash provided by operating activities of $157.4 [...]
Advantage Energy Ltd. is pleased to provide an operational update for the second quarter of 2022 and an outlook through 2023. Operational Update As a result of continued outperformance at Glacier, Wembley and Valhalla, production during the second quarter of 2022 increased to average approximately 60,000 boe/d . This outperformance resulted from several new wells being delivered ahead of schedule and new well [...]
Entropy Inc. , a subsidiary of Advantage Energy Ltd. , is pleased to announce that it has begun commissioning its first post-combustion carbon capture and storage project at the Glacier Gas Plant in Alberta, effective June 27, 2022. Commissioning of the first phase ) is expected to take several weeks with "first carbon" expected to be injected into permanent geological storage within four weeks. Entropy believes that [...]
Advantage Energy Ltd. is pleased to announce that on May 5, 2022 it held its annual general and special meeting of shareholders . A total of 154,769,277 common shares were represented at the Meeting in person or by proxy. At the Meeting, shareholders approved the election of eight nominees as directors of Advantage to serve until the next annual meeting of shareholders or until their successors are elected or appointed [...]
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