(TSX: AAV, NYSE: AAV)
CALGARY, May 31, 2013 /CNW/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to announce that we have increased our natural gas commodity price hedges for the period October 2013 to March 2014. Below is a list of the new derivative contracts entered into by Advantage:
| Average Price | |||
| Description of Derivative | Term | Volume | $Cdn. AECO |
| Natural gas - AECO | |||
| Fixed price | October 2013 to March 2014 | 5,687 mcf/d | $4.01/mcf |
| Fixed price | October 2013 to March 2014 | 5,687 mcf/d | $4.01/mcf |
A summary of the current commodity hedge positions is indicated below:
| Average Price | ||
| Period | Average Volume Hedged | $Cdn. AECO |
| Q2 2013 to Q1 2014 | 40,741 mcf/d | $3.50/mcf |
| Q2 2014 to Q1 2015 | 52,130 mcf/d | $3.82/mcf |
| Q2 2015 to Q1 2016 | 42,652 mcf/d | $3.90/mcf |
A detailed list of all individual derivative contracts as at May 31, 2013 is available on our website at www.advantageog.com.
SOURCE: Advantage Oil & Gas Ltd.
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