(TSX: AAV)

CALGARY, AB, Dec. 10, 2024 /CNW/ - Advantage Energy Ltd. ("Advantage" or the "Corporation") is pleased to announce its 2025 budget and provide an updated three-year plan.

Advantage's 2025 capital program continues our focus on growing adjusted funds flow ("AFF")a per share via high rate-of-return development drilling. Production is expected to increase by approximately 16% in 2025, reflecting an organic growth rate of 9% plus a full year of incremental production associated with assets acquired mid-2024. Capital efficiencies are expected to be strong due to limited facilities spending, and our reinvestment ratioa is expected to be approximately 65%. All free cash flow ("FCF") from operations will be allocated to debt reduction though a portion of the proceeds from potential non-core divestitures may be used to buy back shares.

(TSX: AAV)

CALGARY, AB, Dec. 3, 2024 /CNW/ - Advantage Energy Ltd. ("Advantage") plans to release its 2025 budget and updated three-year plan before the open of North American markets on Tuesday, December 10, 2024.

Advantage's management team will also host a virtual Investor Day on Tuesday, December 10, 2024, at 8:00 am Mountain Time (10:00 am Eastern Time).

The event will be streamed via webcast at https://app.webinar.net/eV1q8WrzmNa. If you join by webcast and would like to ask a question over the phone, please mute the webcast and dial the numbers below. Alternatively, you can submit typed questions through the webcast.

(TSX: AAV)

CALGARY, AB, Oct. 24, 2024 /CNW/ - Advantage Energy Ltd. ("Advantage" or the "Corporation") is pleased to report 2024 third quarter financial and operating results including record production, strong liquids performance, and lower operating costs.

2024 Third Quarter Financial Highlights

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CALGARY, AB, Oct. 8, 2024 /CNW/ - Advantage Energy Ltd. ("Advantage" or the "Corporation") announces it has begun strategic production curtailments of up to 130 mmcf/d of dry gas in response to unusually low Alberta natural gas prices. Curtailments began during September and are planned to continue during the fourth quarter until such time as pricing recovers.

Consistent with our strategic priorities of maximizing free cash flow(a) and reducing net debt(a), production curtailment levels are being determined on a continuous basis to eliminate variable cash costs and defer development capital. The curtailments are primarily dry gas at Glacier, which is amongst the lowest-cost natural gas assets in North America, and will not materially impact Advantage's cash flow. Liquids production, which is currently exceeding expectations, will be unaffected. Production during the third quarter of 2024 was approximately 74,000 boe/d (368 mmcf/d natural gas, 8,100 bbls/d crude oil, and 4,600 bbls/d NGLs), including the impact of curtailments which averaged over 5,000 boe/d.

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CALGARY, AB, Sept. 3, 2024 /CNW/ - Advantage Energy Ltd. ("Advantage" or the "Corporation") is pleased to announce the appointment of David G. Smith to the Board of Directors effective September 1, 2024. Mr. Smith has 40 years of experience in the western Canadian oil and gas industry including an extensive career at Keyera Corp. ("Keyera") where he played a key role in leading the development and growth of Keyera over twenty years to become one of the largest mid-stream operators in Canada. He served as President and CEO of Keyera from 2015 to 2020 and prior thereto was President & Chief Operating Officer, Executive Vice-President-Liquids Business Unit, and Executive Vice-President & CFO. Prior to joining Keyera, Mr. Smith held progressively more senior finance roles at Gulf Canada Resources Limited and Imperial Oil.

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CALGARY, AB, Aug. 28, 2024 /CNW/ - Entropy Inc. ("Entropy" or the "Corporation"), a subsidiary of Advantage Energy Ltd. ("Advantage"), is pleased to announce the appointment of Mr. Sanjay Bishnoi as Chief Executive Officer. Mr. Bishnoi will start in his new role on September 23, 2024. After founding and leading Entropy since 2020, Mr. Michael Belenkie will step down from Entropy's President and CEO responsibilities but will remain as Chairman of the Board of Directors ("Board") providing continued leadership and a seamless transition.