Advantage Energy Ltd. is pleased to report its first quarter 2022 results including record production, record adjusted funds flow and continued financial and operational discipline. Profitability increased rapidly as commodity prices increased during the quarter and debt fell significantly below our $200 million target. As a result, Advantage has initiated a return-of-capital strategy whereby all free cash flow will be [...]
Advantage Energy Ltd. announced today that due to the continued strength in commodity prices and market conditions, the Corporation is proceeding with and the Toronto Stock Exchange has approved the Corporation commencing a 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 18,704,019 common shares of the Corporation [...]
CALGARY, AB, March 28, 2022 /CNW/ - Entropy Inc. , a subsidiary of Advantage Energy Ltd. , is pleased to announce a strategic $300 million investment agreement with Brookfield Renewable to scale up deployment of Entropy's carbon capture and storage technology globally. Highlights of the Strategic Investment Agreement The investment provides Entropy with a combination of strategic advantages: Capital commitment of $300 [...]
Advantage Energy Ltd. is pleased to report 2021 year-end results, reserves and an operational update. Advantage achieved record results during 2021, while capital spending remained modest. Advantage's long history of disciplined capital deployment continued, with every well drilled since the second half of 2020 achieving payout in under one year and many achieving payout in under 5 months. The Corporation has a [...]
Entropy Inc. is pleased to announce it has entered a non-binding strategic financing agreement with a leading energy transition investor, and to provide a year-end corporate development update. Highlights of the Strategic Financing Agreement Entropy and a leading energy transition investor have agreed to the terms of an exclusive, non-binding financing agreement expected to provide sufficient capital for the execution of [...]
Advantage Energy Ltd. is pleased to announce its 2022 budget. Advantage's 2022 capital program will be focused on growing adjusted funds flow per share by continuing to drill high rate-of-return targets in areas with existing infrastructure capacity. An escalating emphasis will be placed on increasing liquids revenue and making infrastructure investments that either expand third-party processing revenue or advance our [...]
TORONTO, Dec. 3, 2021 /CNW/ - As a result of the quarterly review, S&P Dow Jones Indices will make the following changes to the S&P/TSX Composite Index prior to the open of trading on Monday, December 20, 2021: S&P/TSX COMPOSITE INDEX - December 20, 2021 COMPANY GICS SECTOR GICS SUB-INDUSTRY ADDED Advantage Energy Ltd. Energy Oil & Gas Exploration & Production ADDED Baytex Energy Corp. Energy Oil & Gas Exploration [...]
Advantage Energy Ltd. is pleased to announce the publication of its 2021 Sustainability Report which is available on our website at www.advantageog.com. The Report outlines key sustainability metrics and achievements to year-end 2020, as well as ongoing initiatives and targets. Advantage has been focused on business sustainability since inception in 2001. We are proud to share the progress we've made on advancing our [...]
Advantage Energy Ltd. is pleased to report its third quarter 2021 results including record production, record free cash flow and accelerated debt reduction. Operational performance of our summer development program exceeded expectations, with many of our new wells ranking amongst the best producers in our history. With elevated commodity prices presiding through much of the quarter and excess plant capacity available for [...]
Entropy Inc. is pleased to announce new Memoranda of Understanding with four additional emitting corporations to develop Carbon Capture and Storage projects, and with an industrial equipment manufacturer to develop integrated CCS solutions for new equipment. These MOUs represent further progress in the commercial deployment of Entropy's patent-pending technology, demonstrate versatility across a broad range of [...]
Advantage Energy Ltd. is pleased to announce an increase of $20 million to the 2021 capital guidance range, now set at $140 million to $150 million. The Corporation's 2021 development program is two months ahead of schedule and capital to-date is below budget, creating an opportunity to optimize fourth quarter operations and deliver higher production into winter markets. Commodity prices remain robust while Advantage's [...]
Entropy Inc. is pleased to announce the initiation of a formal process to explore alternatives for raising external capital, including a private placement of equity securities of the Corporation . Entropy intends that the net proceeds from the Financing would be used to fund the commercial development of Carbon Capture and Sequestration projects using Entropy's patent-pending process design, Entropy23TM solvent, and deep [...]
+35,00 %
0,00 %
-0,74 %
-52,46 %