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Home Commodities

Advantagewon Oil Corp. (OTCQB: ANTGF) (CSE: AOC) Commences Drilling at LaVernia

by admin
March 7, 2018
in Commodities, Sponsored
0
Oil Drilling Begins LaVernia Field ANTGF AOC News

Oil Drilling Begins LaVernia Field ANTGF AOC News

Toronto, Ontario–(Newsfile Corp. – March 7, 2018) – Advantagewon Oil Corp. (CSE: AOC) (OTCQB: ANTGF) (the “Corporation”, “Advantagewon”, “AOC”) is pleased to announce that the soft ground conditions at LaVernia have significantly improved and that the drilling rig that was previously on standby, has now been moved onto the LaVernia field and the drilling of the first three of the proposed six wells has commenced.

Completion & testing operations will be carried out upon conclusion of the drilling program. Each vertical well will be approximately 400 metres in total depth, and the drilling is expected to take approximately three days per well.

As previously stated in the Corporation’s Jan 22nd, 2018 press release, once drilling and equipping of the six wells is completed, the wells are expected, on average, to add 15 barrels of oil per day (“BOPD”), per well, for a total of 90 BOPD. The Corporation is still awaiting for the drilling permits to arrive on the remaining three wells and anticipates that these permits will arrive this coming week.

About Advantagewon Oil Corp. (OTCQB: ANTGF) (CSE: AOC)

Advantagewon Oil Corp. (OTCQB: ANTGF) (CSE: AOC) 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. Advantagewon’s common shares are listed on the OTC Markets in the United States 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.

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.

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Tags: ANTGFAOCCanadacommoditiescommon stockdrillingemerging growthenergyinvestmentLaVerniamicrocap stocksoilOil Marketoil priceoil productionoil stocksoil wellpublic companysalessmall cap companiessmall cap stockssmall capsSpotlight GrowthSpotlight Growth StocksTexasupdateWTI crude oil
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