Advantage Energy Reports Growth Amidst Acquisition Costs

Advantage Energy (TSE:AAV) has released an update.

Advantage Energy Ltd. has announced their financial and operating results for the second quarter of 2024, highlighting the completion of a significant $445.5 million asset acquisition and a subsequent 28% increase in production compared to the same period last year. Despite the strategic expansion, the company reported a net loss of $12.1 million, attributed to the costs associated with the acquisition.

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