High Quality Light Oil, Prolific Gas Foundation, Significant Well Location Inventory, Clean Sustainable Energy, Low-Cost Owned Infrastructure & Capital Efficiencies
Advantage is focused on development and delineation of its world class Montney natural gas and liquids resource at Glacier, Wembley/Pipestone, Valhalla and Progress, Alberta. Across these properties, Advantage holds a total of 210 net sections (134,400 net acres) of Doig/Montney rights. All of the areas have potential for liquids-rich and multi-layer development. Since 2008, production has grown to approximately 275 mmcfe/d (45,833 boe/d) and 2P reserves have increased to 2.8 Tcfe (466 million Boe) at December 31, 2019. Upper, Middle & Lower Montney wells generate strong half-cycle rates of return at $2.00/mcf Cdn AECO prices and $60 US/bbl WTI pricing, and have low break-even prices. Future investment will target increasing liquids content and moderating gas growth.
Please view our drilling inventory disclaimer here.