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Advantage Credit Facilities Increased To $300 Million

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May 18, 2012

CALGARY -- Advantage Oil & Gas Ltd. (Toronto: AAV) announced today that its lenders have increased our credit facility from $275 million to $300 million. This credit facility increase in conjunction with gross proceeds from our recent $74.7 million secondary offering of Longview Oil Corp. shares will provide additional financial flexibility in support of future capital program requirements and general corporate purposes. Pro-forma bank debt at the end of Q1 2012 is approximately $118 million resulting in an undrawn credit facility of $182 million. Advantage will continue to retain ownership ...


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