Impact: Positive, given another year of efficient reserve growth where 2.8x 1P and 3.1x 2P cash flow recycle ratios were achieved on FD&A costs that are amongst the Company's lowest on record. Advantage reported year-end 2015 reserves of 213.2 mmboe 1P and 325.3 mmboe 2P (94% oil & NGLs), representing a 10% and 8% year-over-year increase, respectively, on a per share basis.
16 Feb 2016
ADVANTAGE OIL & GAS LTD. (AAV) REPORTS 2015 YEAR-END RESERVES
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ADVANTAGE OIL & GAS LTD. (AAV) REPORTS 2015 YEAR-END RESERVES
Advantage Energy Ltd (0UG9:LON) | 0 0 0.8% | Mkt Cap: 688.1m
- Published:
16 Feb 2016 -
Author:
Robert Fitzmartyn -
Pages:
3
Impact: Positive, given another year of efficient reserve growth where 2.8x 1P and 3.1x 2P cash flow recycle ratios were achieved on FD&A costs that are amongst the Company's lowest on record. Advantage reported year-end 2015 reserves of 213.2 mmboe 1P and 325.3 mmboe 2P (94% oil & NGLs), representing a 10% and 8% year-over-year increase, respectively, on a per share basis.