Advantage announced first quarter financial and operating results that were in line with our expectations and consensus in aggregate. There are no changes to its 2018e outlook, characterized by $175 mm capex to achieve 40,000-42,500 boe/d for 2018e (~229 mmcf/d & 1,750-1,850 bbl/d). Advantage did revise its outlook ~10 days ago as described in our comment dated April 23rd, 2016. Liquids volume were 27% behind in the reported period, but the company anticipates an effective double or mor
04 May 2018
Advantage reports 1Q18 results in line
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Advantage reports 1Q18 results in line
Advantage Energy Ltd (0UG9:LON) | 0 0 0.8% | Mkt Cap: 688.1m
- Published:
04 May 2018 -
Author:
Robert Fitzmartyn -
Pages:
10
Advantage announced first quarter financial and operating results that were in line with our expectations and consensus in aggregate. There are no changes to its 2018e outlook, characterized by $175 mm capex to achieve 40,000-42,500 boe/d for 2018e (~229 mmcf/d & 1,750-1,850 bbl/d). Advantage did revise its outlook ~10 days ago as described in our comment dated April 23rd, 2016. Liquids volume were 27% behind in the reported period, but the company anticipates an effective double or mor