(TSX: AAV)
CALGARY,
AB, Feb. 25, 2025 /CNW/ - Advantage Energy
Ltd. ("Advantage" or the "Corporation") announces that as part of
its ongoing Board of Directors (the "Board") renewal process, Mr.
Stephen Balog, the current Chair of
the Board and director of the Corporation will be retiring from the
Board at the Corporation's next annual general meeting of
shareholders.
Replacing Mr. Balog as Chair of the Board will be Mr. John
Festival, who has been a director of Advantage since March 12, 2024. Mr. Festival has a
distinguished career in the Canadian energy industry with over 35
years of experience. Mr. Festival has held multiple senior
executive positions, including President and Chief Executive
Officer of BlackRock Ventures Inc. from 1999 to 2006 and President
and Chief Executive Officer of BlackPearl Resources Inc. from 2009
to 2019. Mr. Festival is currently the President and Chief
Executive Officer of Broadview Energy Ltd., a private oil and gas
company focused on heavy oil development, and he serves on the
boards of Athabasca Oil Corporation and Cardinal Energy Ltd.
Mr. Michael Belenkie, President
and Chief Executive Officer of Advantage states "Advantage and the
Board thank Mr. Balog for his many years of dedicated service and
guidance, and we wish him all the best in his upcoming
retirement."
SOURCE Advantage Energy Ltd.
