Impact: Positive. In 2Q16e, Advantage's corporate and liquids production are consistent with our estimates while strong well performance, particularly in the Lower and Middle Montney, continued to drive reductions to the Company's operating costs to $0.30/mcfe (down 14%) and resulted in record low total cash costs of $0.60/mcfe in the period.
06 Jul 2016
RECENT RESULTS STRENGTHEN OPERATIONAL & FINANCIAL FLEXIBILITY FOR PLANNED GROWTH TO 350 MMCFE/D (58,330 BOE/D)
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RECENT RESULTS STRENGTHEN OPERATIONAL & FINANCIAL FLEXIBILITY FOR PLANNED GROWTH TO 350 MMCFE/D (58,330 BOE/D)
Advantage Energy Ltd (0UG9:LON) | 0 0 0.8% | Mkt Cap: 688.1m
- Published:
06 Jul 2016 -
Author:
Robert Fitzmartyn -
Pages:
3
Impact: Positive. In 2Q16e, Advantage's corporate and liquids production are consistent with our estimates while strong well performance, particularly in the Lower and Middle Montney, continued to drive reductions to the Company's operating costs to $0.30/mcfe (down 14%) and resulted in record low total cash costs of $0.60/mcfe in the period.