Advantage Energy Ltd. provided updated guidance for the year 2024 and updated outlook for the year 2025 and beyond. For the year 2024, production guidance for 2024 has been revised to between 70,000 and 73,000 boe/d; however, the reduction is entirely from natural gas and there is no change to liquids guidance (13% of corporate production). Production from the recently acquired assets outperformed expectations during the second quarter of 2024, averaging approximately 15,000 boe/d (42 mmcf/d natural gas, 7,160 bbls/d oil, and 910 bbls/d NGLs).

For the year 2025 and beyond, production growth is expected to be 16%. The reduced gas drilling program in 2024 is not expected to have a material impact to 2025 production.