Advantagewon Oil Corp. Drilling Outlook First Quarter 2018
Advantagewon Oil Corp. Drilling Outlook First Quarter 2018

Advantagewon Oil Corp. (OTCQB: ANTGF) (CSE: AOC) Announces Proposed Q1 2018 Drilling Program

Toronto, Ontario, January 22nd, 2018 Advantagewon Oil Corp., (CSE: AOC), (OTCQB: ANTGF), (the Corporation, Advantagewon, AOC) announced today that it had finalized its proposed Q1 Drilling and Operational Development Programme.

The Corporation intends to drill a minimum of six wells and may drill up to ten wells on three of its current LaVernia field leases before the end of Q1, 2018. The intended plan will be to initially drill two wells on each lease, with additional locations permitted and ready to go based on the success on the initial drilling.

For the proposed drilling, the initial six wells will target two shallow Poth sands at depths ranging from 1100 to 1400 feet. Advantagewon Oil Corp. has prioritized the Poth sand for its Q1 Drilling and Operational Development Programme as the Poth does not require a frac to produce Oil, saving costs and resulting in near immediate Oil production.   The shallower of these, the A sand  has been a proven oil producer in the area for over 60 years. The deeper sand, the B sand, has produced oil and tested oil in a number of wells in the area, but has seen virtually no development. Management has calculated reserve potential of 1.7 million barrels original oil in place per 100 acres for the A sand and 1.4 million barrels original oil in place for the B sand. The three leases to be drilled total 698 acres. Drilling cost is estimated at $75,000.00 (USD) per well for a total of $450,000.00.    The Corporation anticipates initial production rates of 15 bopd per well.

In Q4 of 2017, the Corporations Q4 Drilling and Operational Development Programme primarily targeted the deeper Navarro sand which required a frac.  The Corporation has learned that the Navarro sand wells once fracd take a longer time to recover injected frac fluids before seeing Oil produced vs. the Poth. The Navarro wells do have a long production life, once stable oil production is established, however Poth has the potential of rapidly increasing the Corporations daily production. The proceeds from the potential increased production can be used to further develop the company land holdings.

The results from the Q4 Drilling and Operational Development Programme were successful and the Corporation is currently producing approximately 45 barrels of oil per day (bopd).  Two wells previously drilled in that program are still not on production.  The Corporation anticipates that one will be on production by the end of January while the other well will be fraced by mid-February depending on the availability of a frac crew.  With the improving commodity prices, the Corporation anticipates that it should see revenues net of royalties of approx. $60,000.00 USD for the month of January of 2018.

About Advantagewon Oil Corp.

Advantagewon Oil Corp. is focused on building consistent cash flow from low cost, low risk oil wells in the State of Texas. AOC applies specialized expertise to increase oil recovery from 10-15% to up to 75% for each well. Once the enhanced recovery strategy is successfully applied, AOC will repeat the process throughout the oil pool to maximize output and minimize cost and risk. For more information please visit www.aoc-oil.com

Forward-Looking Statements

Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer:

Spotlight Growth is compensated, either directly or via a third party, to provide investor relations services for its clients. Spotlight Growth creates exposure for companies through a customized marketing strategy, including design of promotional material, the drafting and editing of press releases and media placement.

All information on featured companies is provided by the companies profiled, or is available from public sources. Spotlight Growth and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever and we are not qualified to give financial advice. The information contained herein is based on external sources that Spotlight Growth believes to be reliable, but its accuracy is not guaranteed. Spotlight Growth may create reports and content that has been compensated by a company or third-parties, or for purposes of self-marketing. Spotlight Growth was compensated eight hundred dollars cash and one thousand dollars worth of restricted stock for the creation and dissemination of this content.

This material does not represent an investment solicitation. Certain statements contained herein constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to the Company’s plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about the Company’s industry, management’s beliefs and certain assumptions made by management.

The above communication, the attachments and external Internet links provided are intended for informational purposes only and are not to be interpreted by the recipient as a solicitation to participate in securities offerings.  Investments referenced may not be suitable for all investors and may not be permissible in certain jurisdictions.

Spotlight Growth and its affiliates, officers, directors, and employees may have bought or sold or may buy or sell shares in the companies discussed herein, which may be acquired prior, during or after the publication of these marketing materials. Spotlight Growth, its affiliates, officers, directors, and employees may sell the stock of said companies at any time and may profit in the event those shares rise in value. For more information on our disclosures, please visit: http://spotlightgrowth.com/index.php/disclosures/

The following two tabs change content below.

Matt Rego

Matt is the Founder and CEO of Spotlight Growth, a full service investor relations and awareness service provider. Prior to launching Spotlight Growth, Matt worked six years within the investor relations industry, most recently serving as Vice President of Sales and Marketing at Global Discovery Group, Inc. In addition, Matt has been a financial writer and analyst since 2010 and investing in the stock market since 2007. Articles and content have appeared on well-known financial websites, such as: Investopedia, Google Finance, Yahoo Finance, ValueWalk, Minyanville, Seeking Alpha, CBS MoneyWatch, Investment Underground, Emerging Growth, Blasting News, GenYWealth, and more. In addition, Matt has received an honorable mention in Barrons’ and the New York Post. Matt graduated from the University of Minnesota with a Bachelor’s Degree in Finance.