EXHIBIT 99.45
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ADVANTAGE ENERGY INCOME FUND - NEWS RELEASE
MARCH 3, 2005
ADVANTAGE ANNOUNCES 2005 SUMMER/FALL HEDGING PROGRAM
(TSX: AVN.UN)
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CALGARY, ALBERTA - Advantage Energy Income Fund (TSE: AVN.UN) ("Advantage" or
the "Fund") closely monitors commodity prices and has entered into several
hedges for the summer/fall months of 2005. Commodity prices have risen in recent
weeks to new historic highs for the summer/fall period. The Fund was unhedged
entering the spring of 2005 which provided maximum flexibility in realizing the
benefits of the current high price environment. The following hedges are
exceptional in comparison to historical prices for this period and will provide
stability to Unitholders' cash distributions and lock-in high netbacks on
production volumes:
DESCRIPTION OF HEDGE AND TERM VOLUME AVERAGE PRICE
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NATURAL GAS - AECO
Fixed price April to October 2005 34,123 mcf/d $7.45 Cdn/mcf
Costless collar April to October 2005 11,374 mcf/d Floor $6.86 Cdn/mcf
Ceiling $8.18 Cdn/mcf
Costless collar April to October 2005 11,374 mcf/d Floor $7.02 Cdn/mcf
Ceiling $8.02 Cdn/mcf
CRUDE OIL - WTI
Fixed price April to September 2005 1,750 bbls/d $52.11 US/bbl
Costless collar April to October 2005 1,750 bbls/d Floor $47.00 US/bbl
Ceiling $56.75 US/bbl
For further information contact:
Mr. Gary F. Bourgeois, VP
Corporate Development Phone:
(416) 945-6636
TOLL FREE: 1-866-393-0393
ADVANTAGE ENERGY INCOME FUND
3100, 150 - 6th Avenue SW
Calgary, AlbertaT2P 3Y7
Phone: (403) 261-8810
Fax: (403) 262-0723
Web Site: www.advantageincome.com
E-mail: advantage@advantageincome.com
The information in this news release contains certain forward-looking statements
that involve substantial known and unknown risks and uncertainties, certain of
which are beyond Advantage's control, including: the impact of general economic
conditions, industry conditions, changes in laws and regulations including the
adoption of new environmental laws and regulations and changes in how they are
interpreted and enforced, increased competition, fluctuations in commodity
prices and foreign exchange and interest rates, stock market volatility and
obtaining required approvals of regulatory authorities. Advantage's actual
results, performance or achievement could differ materially from those expressed
in, or implied by, such forward-looking statements and, accordingly, no
assurances can be given that any of the events anticipated by the
forward-looking statements will transpire or occur or, if any of them do, what
benefits that Advantage will derive from them.