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Advantage Oil & Gas Ltd. engages in the business of oil and gas exploitation, development, acquisition, and production in the provinces of Alberta and Saskatchewan, Canada. The company?s principal properties include the Glacier property, the Westerose property, the Lookout Butte property, the Brazeau-Ferrier area, the Sunset/Valleyview area, and the Nevis property located in Alberta; three shallow gas properties located at Medicine Hat, Bantry, and Shouldice; a host of individual properties within the Williston Sedimentary Basin in the southeast corner of Saskatchewan; and the Wapella property. It also has interests in heavy oil properties, including the Lashburn, West Hazel, and Eyehill properties located in the heart of the Lloydminster heavy oil producing area. As of December 31, 2009, Advantage Oil & Gas? proved plus probable reserves were 232.3 million barrels of oil equivalent. The company was founded in 2001 and is headquartered in Calgary, Canada.