Edition:
India

Advantage Announces Agreement To Sell 12.5% Interest In Glacier Gas Plant For $100 Million


Monday, 13 Apr 2020 

April 13 (Reuters) - Advantage Oil & Gas Ltd ::PRESS RELEASE - ADVANTAGE ANNOUNCES AGREEMENT TO SELL 12.5% INTEREST IN GLACIER GAS PLANT FOR $100 MILLION.ADVANTAGE OIL & GAS LTD - TO SELL A 12.5% INTEREST IN GLACIER GAS PLANT TO A STRATEGIC PARTNER FOR $100 MILLION CASH PROCEEDS.ADVANTAGE OIL & GAS LTD - WILL ENTER INTO A 15-YEAR VOLUME COMMITMENT AGREEMENT WITH PURCHASER FOR 50 MMCF/D AT A FEE OF $0.66/MCF.ADVANTAGE OIL & GAS LTD - DISCRETIONARY SPENDING ON OIL PROJECTS AT PROGRESS AND WEMBLEY HAS BEEN DEFERRED CONSIDERING CURRENT ECONOMIC ENVIRONMENT.ADVANTAGE OIL & GAS LTD - PLANS TO REVISE CAPITAL PROGRAM FOR SECOND HALF OF 2020. 

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