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Advantage Touts +142% Jump in Liquids Output YOY; Credits Montney Wells

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   |    Thursday,July 11,2019

Advantage Oil & Gas Ltd. has dtailed an operational update as well as touted its increase in liquids production in Q2.

Liquids Output Up +142% YOY

Liquids production during the quarter increased 142% year over year to 2,580 bbls/d, primarily from bringing on two net condensate-rich middle-Montney wells at east Glacier. These wells averaged 84 bbls/mmcf during initial production. June liquids production exceeded 2,700 bbls/d.

Drilling Activity

During the second quarter, liquids production increased primarily due to two new condensate-rich east Glacier wells, as well as two new condensate-rich Valhalla wells that were brought on production at restricted rates. At the end of the quarter, there were 5 condensate-rich wells drilled but awaiting completion at Valhalla, and 8 drilled and completed wells (6 of which are condensate-rich) awaiting tie-in at Glacier. All these wells are expected to be brought on production through the third quarter.



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