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Advantage Announces Second Quarter 2021 Financial and Operating Results and Succession Plan

Advantage Announces Second Quarter 2021 Financial and Operating Results and Succession Plan
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Athabasca Oil Corporation Announces 2021 Second Quarter

(1)   Refer to the “Reader Advisory” section within this news release for additional information on Non-GAAP Financial Measures and production disclosure.
(2)   Includes realized commodity risk management loss of $17.8 million and $38.9 million for the three and six months ended June 30, 2021 (three and six months ended June 30, 2020 - $24.4 million and $45.9 million gains).
(3)   Includes available credit under Athabasca’s Credit Facility and Unsecured Letter of Credit Facility (see page 14 of the Company’s Q2 MD&A).
(4)   The face value of the 2022 Notes is US$450 million. The 2022 Notes were translated into Canadian dollars at the June 30, 2021 exchange rate of US$1.00 = C$1.2394 (December 31, 2020 – C$1.2732).
Operations Update ....

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Entropy Inc. Announces Initial Results of CETRI Technology Development Program and Executive Team Appointment

Entropy Inc. Announces Initial Results of CETRI Technology Development Program and Executive Team Appointment
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Entropy Inc. Announces Multiple CCS Project Evaluation Engagements Totaling Approximately 1 Million Tonnes Per Annum, and Expands Executive Team and Board of Directors

/CNW/ - Entropy Inc. ("Entropy" or the "Corporation", a subsidiary of Advantage Energy Ltd.) is pleased to announce Memoranda of Understanding ("MOUs") with. ....

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Entropy's low-cost modular CCS technology

Entropyâs low-cost modular CCS technology
Post-combustion modular technology allows capture of emissions from most common sources of industrial process rather than just largest single source
The Western Canadian oil patch has been hit hard by extended periods of low oil and gas prices since the middle of the last decade, leading to waves of consolidation, with major foreign oil companies exiting the region and larger Canadian companies gobbling up smaller ones to reduce costs and attract capital. But Calgary-based Advantage Oil and Gas, a mid-size producer, has decided to go a very different route.
In partnership with Allardyce Bower Consulting (ABC), a process-engineering firm, Advantage established Entropy Inc. at the end of March. The new company is to provide relatively low-cost modular carbon capture and storage (MCCS) post-combustion technology to a wide range of industr ....

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