(TSX: AAV, NYSE: AAV)
CALGARY, May 31, 2013 /PRNewswire/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to announce that we have increased our natural gas commodity price hedges for the period October 2013 to March 2014. Below is a list of the new derivative contracts entered into by Advantage:
|
|
|
Average Price |
| Description of Derivative |
Term |
Volume |
$Cdn. AECO |
| Natural gas - AECO |
|
|
|
| Fixed price |
October 2013 to March 2014 |
5,687 mcf/d |
$4.01/mcf |
| Fixed price |
October 2013 to March 2014 |
5,687 mcf/d |
$4.01/mcf |
|
|
|
|
A summary of the current commodity hedge positions is indicated below:
|
|
Average Price |
| Period |
Average Volume Hedged |
$Cdn. AECO |
| Q2 2013 to Q1 2014 |
40,741 mcf/d |
$3.50/mcf |
| Q2 2014 to Q1 2015 |
52,130 mcf/d |
$3.82/mcf |
| Q2 2015 to Q1 2016 |
42,652 mcf/d |
$3.90/mcf |
|
|
|
A detailed list of all individual derivative contracts as at May 31, 2013 is available on our website at www.advantageog.com.
SOURCE Advantage Oil & Gas Ltd.
