Advantage Oil & Gas Breakout Notes
Andy J. Mah, president and CEO of Advantage Oil & Gas Ltd., (ticker: AAV) presented today at EnerCom’s The Oil & Gas Conference® 22.
Advantage, a Canadian gas producer, has built the majority of its production out of its Glacier asset, in the Montney shale located in Alberta. In expanding its gas production, the company is pursuing new development opportunities in and around its existing Glacier assets—and has predicted that approximately 50 years of inventory remain in its assets.
During the company’s breakout session, management was asked the following questions:
- What is your take on the LNG projects and the delays in Canada? What do you think about long terms plans to take gas out of the Canada?
- How have you kept costs so low compared to the competitors?
- Does your LOE include amortization costs?
- What was your planned CAPEX cost for the gas plant?
- How much NGL’s do you have and how will you market it?
- Can you tell us why there is more inter-mixing in your drilling compared to others?
- What kind service inflation do you see?
- Do you think you can keep the hedging basis long term?
- How much of the gas stays in Canada and how much is exported?
- How do you look at progress in the liquids side?
- What is the costs of acquiring land in Canada?
- Why change to liquids when you have been doing so well in the dry gas as seen from chasing the Valhalla, Progress?
- Has it all been organic growth?
- Do you see some gas go into the Alliance Pipeline? Do you give all your gas to Trans Canada Pipeline(TCPL)?
- Don’t the LDC’s object to the direct purchase by industry?
- What is the utilization of the takeaway capacity in the pipeline?
- On a shareholder basis, how much do the top % own the company?
