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AAV - Advantage Oil & Gas News Story

$2.5 0.0  0.0%

Last Trade - 21/09/18

Sector
Energy
Size
Small Cap
Market Cap £232.0m
Enterprise Value £366.7m
Revenue £135.3m
Position in Universe th / 6713

BRIEF-Advantage Announces Increase To 2020 Capital Guidance

Thu 8th October, 2020 10:06pm
Oct 8 (Reuters) - Advantage Oil & Gas Ltd  AAV.TO :
    * ADVANTAGE ANNOUNCES INCREASE TO 2020 CAPITAL GUIDANCE
    * ADVANTAGE OIL & GAS LTD - 2020 CAPITAL GUIDANCE RANGE WILL
NOW
BE $147 MILLION TO $162 MILLION VERSUS PREVIOUS RANGE OF $130
MILLION TO $145 MILLION
    * ADVANTAGE OIL & GAS LTD - HAS HEDGED APPROXIMATELY 51% OF
ITS
NATURAL GAS PRODUCTION FOR SECOND HALF OF 2020
    * ADVANTAGE OIL & GAS LTD - CONTINUES TO INCREASE ITS
HEDGING
POSITION IN 2021
    * ADVANTAGE OIL & GAS - HEDGED 33% OF ITS CRUDE OIL AND
CONDENSATE
PRODUCTION FOR SECOND HALF OF 2020 WITH WTI SWAPS AT AN AVERAGE
PRICE OF US$55.44/BBL
    * ADVANTAGE OIL & GAS LTD - SPENDING FOR 2020 IS NOW
PROJECTED TO
BE BETWEEN $147 MILLION AND $162 MILLION
    * ADVANTAGE OIL & GAS LTD - FOR PERIOD OF 2021 TO 2023, CO'S
SUSTAINING CAPITAL IS ESTIMATED TO BE UNDER $80 MILLION PER YEAR

Source text for Eikon:  ID:nCNWpSHH2a 
Further company coverage:  AAV.TO 

 ((Reuters.Briefs@thomsonreuters.com;))
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