PHOENIX, Jan. 24, 2018 (GLOBE NEWSWIRE) — Charles Dove, CEO, of Toronto-based oil and gas company Advantagewon Oil Corporation (CSE:AOC), (OTCQB:ANTGF) calls in to the “Stock Day” podcast. Host and Uptick Newswire CEO, Mr. Everett Jolly, was excited to welcome first time guest Mr. Charles Dove to the show. Advantagewon Oil Corporation (the “Company”) is focusing on the great state of Texas which used to be well known for oil and gas opportunities.
Mr. Dove reports to listeners that he had once heard the suspicion that the oil fields throughout Texas were tapped. To his surprise though, many formerly pumped sites, upon further inquisition, began showing much of the oil is still in the ground. Attributing this to old technology and outdated pumps, the Company is attaining many sites throughout the state. Mr. Dove cites great commodity price difference between U.S. and Canada, shallow reservoirs and lower drilling costs all attributing to the Company’s finding great advantages in Texas: “There is still a lot left to do. A lot of low risk opportunity and we just see that as a great way to grow a company right now.”
Mr. Jolly refers to Mr. Dove as the “powerhouse” behind the success of energy giant Dejour Energy Inc. Reliving his experience of his jointly funded operation, Mr. Dove discusses how he helped grow Dejour Energy Inc. from a land deal in British Columbia, to having 2 wells down and cased in about 30 days in 2007. The development program the following year began producing 1,000 barrels a day and was valued at approximately 58.2 million dollars.
Applying whatever technologies that are appropriate and current, seeing recovery rates of 5% or less on former wells Mr. Dove lays out his strategy for 2018: “With Enhanced recovery methods, we extract the most we can from these older pools”. At a conservative estimate, he anticipates of the Texas wells paying out in 3 to 4 months if producing 15 barrels a day. Preparing to drill 6 new wells, aiming at lowest risk possible, moving aggressively, working on low risk repeatable opportunities, Mr. Dove is looking to make big leaps with production and continue moving the Company forward in 2018.
Listen to the entire interview by clicking the link here: https://upticknewswire.com/featured-interview-ceo-charles-dove-of-advantagewon-oil-corp-otcqb-antgf
About “Stock Day Podcast”
The Uptick Network “Stock Day” Podcast is an extension of Uptick Newswire and has recently launched the Video Interview Studio located in Phoenix, Arizona with its new host Kathryn Donnelly.