Advantage grew its corporate production to 35,000 boe/d including liquids volumes of 1,050 bbl/d in 2Q16, which is in line to slightly ahead of our prior forecast.Strong well performance, particularly from the Lower and Middle Montney, continued to drive reductions to the Company’s operating costs to $0.30/mcfe (down 14% over 1Q16 levels) and resulted in record low total cash costs of $0.60/ mcfe in the period.We have maintained both our Top Pick recommendation and $10.00 per share targ
07 Jul 2016
Advantage Reports Strong Production Growth, Lower Operating Costs in 2Q16e
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Advantage Reports Strong Production Growth, Lower Operating Costs in 2Q16e
Advantage Energy Ltd (0UG9:LON) | 0 0 0.8% | Mkt Cap: 688.1m
- Published:
07 Jul 2016 -
Author:
Robert Fitzmartyn -
Pages:
7
Advantage grew its corporate production to 35,000 boe/d including liquids volumes of 1,050 bbl/d in 2Q16, which is in line to slightly ahead of our prior forecast.Strong well performance, particularly from the Lower and Middle Montney, continued to drive reductions to the Company’s operating costs to $0.30/mcfe (down 14% over 1Q16 levels) and resulted in record low total cash costs of $0.60/ mcfe in the period.We have maintained both our Top Pick recommendation and $10.00 per share targ