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Advantage Energy Ltd. (T:AAV)

Business Focus: Oil & Gas Exploration and Production (NEC)

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
Company Contact
Address: Millennium Tower
Suite 2200, 440 2 Avenue S.W.
CALGARY AB T2P 5E9
Tel: N/A
Website: https://www.advantageog.com
IR: See website
Key People
Michael E. Belenkie
President, Chief Executive Officer, Director
Craig Blackwood
Chief Financial Officer
Neil Bokenfohr
Senior Vice President
John Quaife
Vice President - Finance
David Sterna
Vice President - Marketing and Commercial
Geoff Keyser
Vice President - Corporate Development
Darren Tisdale
Vice President - Geosciences
Jay P. Reid
Corporate Secretary
 
Business Overview
Advantage Energy Ltd. is a Canada-based energy producer. The Company is focused on development and delineation of its world class Montney natural gas and liquids resource at Glacier, Wembley/Pipestone, Valhalla and Progress, Alberta. The Company's Montney assets are located from approximately 4-80 kilometers (km) northwest of the city of Grande Prairie, Alberta. Its land holdings consist of 228 net sections (145,920 net acres) of liquids-rich Montney lands at Glacier, Valhalla, Progress and Pipestone/Wembley.
Financial Overview
For the fiscal year ended 31 December 2023, Advantage Energy Ltd revenues decreased 41% to C$509.4M. Net income decreased 70% to C$101.6M. Revenues reflect Natural gas segment decrease of 54% to C$343.9M. Net income also reflects Avg. Production Costs per Barrel, Total increase of 4% to C$7.9 per barrel, Unrealized gains (losses) on derivatives decrease from C$67.3M (income) to C$9.5M (expense).
Employees: 61 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $1,798M as of Dec 31, 2023
Annual revenue (TTM): $509.42M as of Dec 31, 2023
EBITDA (TTM): $291.51M as of Dec 31, 2023
Net annual income (TTM): $101.60M as of Dec 31, 2023
Free cash flow (TTM): $40.55M as of Dec 31, 2023
Net Debt Last Fiscal Year: $241.82M as of Dec 31, 2023
Shares outstanding: 160,548,480 as of Feb 22, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization