Impact: Neutral to slightly positive. Advantage's 2Q16 financial results matched our expectations given a prior operational update, while 12 (100% WI) sections acquired in 1H16, particularly 7 net sections directly offsetting its core Glacier block, hold immediate drilling opportunities and will increase the Company's estimated drilling inventory here by ~10%.
05 Aug 2016
ANNOUNCES 2Q16 FINANCIAL RESULTS AS EXPECTED, GROWS MONTNEY FOOTPRINT IN 1H16 TO 150 NET SECTIONS
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ANNOUNCES 2Q16 FINANCIAL RESULTS AS EXPECTED, GROWS MONTNEY FOOTPRINT IN 1H16 TO 150 NET SECTIONS
Advantage Energy Ltd (0UG9:LON) | 0 0 0.8% | Mkt Cap: 688.1m
- Published:
05 Aug 2016 -
Author:
Robert Fitzmartyn -
Pages:
3
Impact: Neutral to slightly positive. Advantage's 2Q16 financial results matched our expectations given a prior operational update, while 12 (100% WI) sections acquired in 1H16, particularly 7 net sections directly offsetting its core Glacier block, hold immediate drilling opportunities and will increase the Company's estimated drilling inventory here by ~10%.