Advantage Oil & Gas – Day Two Breakout Notes

Andy Mah, Chief Executive Officer of Advantage Oil and Gas (AAV) presented today at EnerCom’s The Oil & Gas Conference® 17. Advantage Oil and Gas Ltd. is an intermediate oil and natural gas corporation with properties located in Western Canada. Advantage is a growth oriented corporation with a specific focus on developing its significant Montney natural gas resource play at Glacier, Alberta. With an estimated drilling inventory of over 900 horizontal well locations at Glacier and total project capital expenditures that could exceed $2.5 billion, significant reserves and production growth is anticipated to grow shareholder value. In support of project development at Glacier, cash flow is obtained from a focused asset base consisting of long life oil and natural gas assets that have a reserve life index of 26.4 years and production of approximately 23,000 boe per day weighted 94% to natural gas and 6% to oil and natural gas liquids.

During the company’s breakout session, management was asked the following questions:

• Can you go over your hedging strategy?
• How come you are still in Canada?
• Do you see international players interested in the plays in Canada?
• Can you go into your plans on the Middle Montney?
• Who is doing frac work for you?
• Is there a shareholder vote coming up and can you elaborate?
• How would you describe how you differ from Progress?

Click here for Advantage Oil and Gas’ webcast.

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