Toronto, Ontario, February 7th, 2018 Advantagewon Oil Corp., (CSE: AOC), (OTCQB: ANTGF), (the Corporation, Advantagewon, AOC) announced today that it has signed a contract with Texas Secondary Oilfield Services for its proposed LaVernia area Q1 drilling program. Drilling should commence the week of February 19th based on current rig availability.
These wells are expected on average to add 15 barrels of oil per day per well for a total of 90 barrels of oil per day. Two wells will be drilled on each of three of the companys leases. Additional locations are being prepared to follow the initial six well programme.
A well at the Caswell lease in the Companys Saratoga area, shut-in since early March 2017 has had required downhole equipment repaired is once again producing oil. This well is expected to stabilize at 5 barrels of oil per day.
About Advantagewon Oil Corp.
Advantagewon is focused on building consistent cash flow from low cost, low risk oil wells in the State of Texas. AOC applies specialized expertise in oil pool development by development drilling, pressure restoration and maintenance using water and chemical injection to increase oil recovery from 10-15% to up to 75% for each pool.. 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. Advantagewons common shares are listed on the OTC Markets in the United States (OTCQB: ANTGF) and on the Canadian Securities Exchange (CSE) in Canada. Advantagewon is a member of the CSE Composite Index (CSE:AOC). For more information please visit www.aoc-oil.com
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.
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