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2014

Advantage Announces New Natural Gas Commodity Price Hedges

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(TSX: AAV, NYSE: AAV)

CALGARY, March 19, 2013 /PRNewswire/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") announces that it has entered into new natural gas commodity price hedges for 2014 and 2015. Advantage has now hedged the following average production volumes at the corresponding averages prices for the periods as follows:

                         
Period 




Average Volume Hedged 




Average Price
$Cdn. AECO
2013 Year            29,224 mcf/d            $3.31/mcf
2014 Year            33,174 mcf/d            $3.78/mcf
2015 Q1            33,174 mcf/d            $4.01/mcf
                         

Below is a detailed list of individual derivative contracts as at March 18, 2013:

                             
                            Average Price
Description of Derivative          Term        Volume        $Cdn. AECO
Natural gas - AECO                          
  Fixed price           January 2013 to December 2013        14,217 mcf/d        $3.51/mcf
  Fixed price           April 2013 to October 2013        9,478 mcf/d        $3.14/mcf
  Fixed price           April 2013 to October 2013        9,478 mcf/d        $3.17/mcf
  Fixed price          April 2013 to October 2013        4,739 mcf/d        $2.95/mcf
  Fixed price          July 2013 to September 2013        4,739 mcf/d        $3.22/mcf
  Fixed price          January 2014 to March 2014        14,217 mcf/d        $3.85/mcf
  Fixed price          January 2014 to March 2014        18,956 mcf/d        $3.84/mcf
  Fixed price          April 2014 to October 2014        14,217 mcf/d        $3.68/mcf
  Fixed price          April 2014 to October 2014        18,956 mcf/d        $3.68/mcf
  Fixed price          November 2014 to March 2015        14,217 mcf/d        $4.02/mcf
  Fixed price          November 2014 to March 2015        18,956 mcf/d        $4.01/mcf
                         

 

SOURCE Advantage Oil & Gas Ltd.



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