Advantage Oil & Gas Ltd. (AAV)
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City analysts are eyeing the high potential Sapote-1 exploration well offshore Guyana which, subject to results, promises significant upside for AIM-quoted firms Eco (Atlantic) Oil & Gas Ltd and Westmount Energy Plc. Sapote-1 was spudded recently by operator Exxon as it continues to advance projects offshore Guyana and, subject to results, it can be a timely exclamation point to Eco's recent investments.
Initial natural gas production rates rose 87% to exceed 10MMCF per day. As a result, dry gas production is now more profitable than liquids production.
Advantage has demonstrated Modular Carbon Capture and Storage technology allowing Net Zero emissions from oil & gas production.
Initial output of wells nearly doubled in volume. Costs of wells decreased.
The Progress Oil discovery is a game-changer. It took about a year to build enough liquids transportation and supporting infrastructure.
Advantage Oil & Gas: The Canadian Midstream Strategy