Advantage Energy Ltd T.AAV

Alternate Symbol(s): AAVVF | T.AAV.DB

Energy Oil & Gas E&P

Advantage Energy Ltd. is a Canada-based energy producer. The Company is focused on development and delineation of its world class Montney natural gas and liquids resource at Glacier, Wembley/Pipestone, Valhalla and Progress, Alberta. Its Montney assets are located from approximately four to 80 kilometers (km)northwest of the city of Grande Prairie, Alberta. The Company land holdings consist of approximately 224 net sections (143,360 net acres) of liquids rich Montney lands at Glacier, Valhalla, Progress and Pipestone/Wembley. It also holds 163 net sections of Charlie Lake.

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Advantage Energy Ltd

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Comment by energeeon Apr 13, 2020 9:06pm

93 Views

Post# 30905646

RE:RE:RE:RE:RE:News out this morning

Yasch22,

I do agree, good deal for both.

AAV probably ramped their payables up a bit in Q1 to prove up the excellent oil/liquids potential at Progress with impressive initial rates. Lots of running room there for later when normalcy returns.

From their NR today:
"Advantage accomplished several significant milestones in the first quarter of 2020, including a 30-day initial rate of over 2,150 boe/d (>50% oil and liquids) at Progress 16-36."

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