AAV Advantage Energy Income Fund (Advantage) is an open-ended oil and gas royalty trust based in Calgary, Alberta. Its principal business is to indirectly acquire and hold interests in petroleum and natural gas properties and related assets. Advantage’s business is carried on by its wholly owned subsidiary, Advantage Oil & Gas Ltd. (AOG). AOG is engaged in the business of oil and gas exploration, development, acquisition and production in the provinces of Alberta, British Columbia and Saskatchewan. Its properties are spread geographically throughout the Western Canadian Sedimentary Basin, and the majority of its properties concentrated in Alberta and north eastern British Columbia, and in southeast Saskatchewan.