Advantage Oil & Gas Ltd. (AAV) Reports Q2 EPS of $0.20

Go back to Advantage Oil & Gas Ltd. (AAV) Reports Q2 EPS of $0.20

Advantage Announces Second Quarter 2016 Results

August 4, 2016 8:54 PM EDT

Cash Flow Up 34% From 68% Production Growth, Record Low Corporate Cash Costs and Hedging Gains Montney Land Holdings Increased

 (TSX: AAV, NYSE: AAV)

CALGARY, Aug. 4, 2016 /PRNewswire/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to report cash flow increased 34% to $36.9 million ($0.20/share) driven by a 68% increase in production to 210 mmcfe/d (35,048 boe/d), a 34% reduction in total corporate cash costs to $0.59/mcfe ($3.54/boe) and realized hedging gains of $20.0 million during the second quarter of 2016. Despite a 47% reduction in AECO daily natural gas... More