Advantage Energy Income Fund serves as an open-ended mutual fund trust in Alberta, Canada. The fund, through its wholly owned subsidiary, Advantage Oil & Gas, Ltd., engages in oil and gas exploration, development, acquisition, and production in the provinces of Alberta, British Columbia, and Saskatchewan. Advantage Investment Management Ltd. acts as the manager of the fund. Advantage Energy was founded in 2001, as a result of the conversion of Search Energy Corp. into a Royalty Trust.