(TSX: AAV, NYSE: AAV)
CALGARY, April 15, 2018 /PRNewswire/ - Advantage Oil
& Gas Ltd. ("Advantage" or the "Corporation") is pleased to
announce the appointment of David Sterna to the position of Vice
President Marketing and Commercial. Mr. Sterna has
significant expertise with commodity marketing including the
development of market diversification initiatives such as LNG and
industrial gas projects. He has over 20 years of executive and
senior Management experience and was most recently at Progress
Energy Canada Ltd., a wholly owned subsidiary of Petroliam Nasional
Berhad (PETRONAS), with previous positions at a number of senior
and intermediate upstream oil and gas producers.
Advantage believes that increasing global and domestic demand
for clean natural gas and associated by-products will create long
term Canadian supply growth opportunities to new commercial
ventures that could broaden and diversify the Corporation's revenue
sources. Mr. Sterna's knowledge and experience in this new
Executive position will complement Advantage's existing leadership
team in the development/implementation of go-forward strategies to
enhance the continued development of the Corporation's industry
leading low cost Montney natural
gas and liquids resource.
About Advantage
Advantage Oil & Gas Ltd. is a Canadian upstream exploration
and production company focused on development of its significant
position in the Montney natural
gas and liquids resource play. The Corporation's common shares
trade on the Toronto and New York
Stock Exchanges under the symbol AAV.
Advisory
The information in this press release contains certain
forward-looking statements, including within the meaning of the
United States Private Securities Litigation Reform Act of 1995.
These statements relate to future events or our future intentions
or performance. All statements other than statements of historical
fact may be forward-looking statements. Forward-looking statements
are often, but not always, identified by the use of words such as
"seek", "anticipate", "plan", "continue", "estimate", "guidance",
"demonstrate", "expect", "may", "can", "will", "project",
"predict", "potential", "target", "intend", "could", "might",
"should", "believe", "would" and similar expressions and include
statements relating to, among other things, Advantage's belief that
increasing global and domestic demand for clean natural gas and
associated by-products provides long term opportunities to broaden
revenue sources and to supply future projects. Advantage's actual
decisions, activities, results, performance or achievement could
differ materially from those expressed in, or implied by, such
forward-looking statements and accordingly, no assurances can be
given that any of the events anticipated by the forward-looking
statements will transpire or occur or, if any of them do, what
benefits that Advantage will derive from them.
These statements involve substantial known and unknown risks
and uncertainties, certain of which are beyond Advantage's control,
including, but not limited to: changes in general economic, market
and business conditions; industry conditions; actions by
governmental or regulatory authorities including increasing taxes
and changes in investment or other regulations and changes in tax
laws. Many of these risks and uncertainties and additional risk
factors are described in the Corporation's Annual Information Form
which is available at www.Sedar.com and www.advantageog.com.
Readers are cautioned that the foregoing lists of factors is not
exhaustive.
With respect to forward-looking statements contained in this
press release, Advantage has made assumptions regarding, but not
limited to: conditions in general economic and financial markets;
effects of regulation by governmental agencies; current and future
commodity prices and royalty regimes; future exchange rates; timing
and amount of capital expenditures; the price of crude oil and
natural gas; that the Corporation will have sufficient cash flow,
debt or equity sources or other financial resources required to
fund its capital and operating expenditures and requirements as
needed; that the Corporation's conduct and results of operations
will be consistent with its expectations; and current or, where
applicable, proposed assumed industry conditions, laws and
regulations will continue in effect or as anticipated.
These forward-looking statements are made as of the date of
this press release and Advantage disclaims any intent or obligation
to update publicly any forward-looking statements, whether as a
result of new information, future events or results or otherwise,
other than as required by applicable securities laws.
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SOURCE Advantage Oil & Gas Ltd.