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Advantage Announces New Natural Gas Commodity Price Hedges

March 19, 20132:52 PM CNW

Advantage Oil and Gas(TSX: AAV, NYSE: AAV)

CALGARY , March 19, 2013 /CNW/ – Advantage Oil & Gas Ltd. (“Advantage” or the “Corporation“) announces that it has entered into new natural gas commodity price hedges for 2014 and 2015. Advantage has now hedged the following average production volumes at the corresponding averages prices for the periods as follows:

 

Period  Average Volume Hedged  Average Price
$Cdn. AECO
2013 Year 29,224 mcf/d $3.31 /mcf
2014 Year 33,174 mcf/d $3.78 /mcf
2015 Q1 33,174 mcf/d $4.01 /mcf

Below is a detailed list of individual derivative contracts as at March 18, 2013:

 

Average Price
Description of Derivative  Term  Volume  $Cdn. AECO
Natural gas – AECO
Fixed price January 2013 to December 2013 14,217 mcf/d $3.51 /mcf
Fixed price April 2013 to October 2013 9,478 mcf/d $3.14 /mcf
Fixed price April 2013 to October 2013 9,478 mcf/d $3.17 /mcf
Fixed price April 2013 to October 2013 4,739 mcf/d $2.95 /mcf
Fixed price July 2013 to September 2013 4,739 mcf/d $3.22 /mcf
Fixed price January 2014 to March 2014 14,217 mcf/d $3.85 /mcf
Fixed price January 2014 to March 2014 18,956 mcf/d $3.84 /mcf
Fixed price April 2014 to October 2014 14,217 mcf/d $3.68 /mcf
Fixed price April 2014 to October 2014 18,956 mcf/d $3.68 /mcf
Fixed price  November 2014 to March 2015 14,217 mcf/d $4.02 /mcf
Fixed price November 2014 to March 2015 18,956 mcf/d $4.01 /mcf

 

SOURCE: Advantage Oil & Gas Ltd.

Contact:

 

Investor Relations
Toll free: 1-866-393-0393 

ADVANTAGE OIL & GAS LTD.
700, 400 – 3rd Avenue SW
Calgary, Alberta
T2P 4H2
Phone: (403) 718-8000
Fax: (403) 718-8300
Web Site: www.advantageog.com

Advantage Oil

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