Advantage Oil & Gas Ltd. announced Glacier production has increased to a record 200 mmcfe/d (33,300 boe/d) as planned. Annual production for 2016 is expected to be within previously announced Budget production guidance range of 190 to 210 mmcfe/d and is supported by a current standing well inventory of 18 completed and 14 uncompleted wells. These wells will be utilized to achieve 2016 production target and are capable of supporting future production growth through to the second quarter of 2017.

Production growth will utilize the remaining 50 mmcf/d of processing capacity that was designed into Advantage's 2015 Glacier gas plant expansion. Additionally, take-away capacity on TransCanada Pipeline's ("TCPL") sales gas pipeline in the Glacier area has recently improved as firm and interruptible transportation capacity has been increasing since March 2016. Advantage continues to execute its 2016 capital program which is supported by the corporation's hedge position, strong balance sheet and its industry leading low cost structure.