Advantagewon Announces Production Results and an Update from Deeper Oil Zone Tests.

Source Press Release
Company Advantagewon Oil Corp. 
Tags Strategy - Corporate
Date October 31, 2018

Advantagewon Oil Corp., (CSE: AOC), (OTCQB: ANTGF), (the “Corporation”, “Advantagewon”, “AOC”) announces production results from deeper oil zones tested in the first of two existing wells on one of its leases in LaVernia.

As previously announced in the Corporation’s October 3rd, 2018 press release, the Corporation commenced testing on one of the two existing wells. At the time of that press release, the Corporation reported that the first well was producing oil from the newly completed zone. The Corporation also announced that testing of the second well was delayed due to the very wet weather in the region. Once the weather improved, the Corporation stated that it would commence testing on the second well and that it would announce the combined rates. Weather has remained wet and testing is not yet complete on the second well, however, the first well has stabilized and continues to produce oil. The results from the second well will be announced when testing is completed.

As previously announced in the Corporation’s October 3rd, 2018 press release, the Corporation commenced testing on one of the two existing wells. At the time of that press release, the Corporation reported that the first well was producing oil from the newly completed zone. The Corporation also announced that testing of the second well was delayed due to the very wet weather in the region. Once the weather improved, the Corporation stated that it would commence testing on the second well and that it would announce the combined rates. Weather has remained wet and testing is not yet complete on the second well, however, the first well has stabilized and continues to produce oil. The results from the second well will be announced when testing is completed.

Mr. Charles Dove stated: “We continue to pursue opportunities to increase production on our existing wells and leases. Based on WTI prices trading at $66 USD per barrel, the completion of the deeper zone will add approximately $85,000.00 USD gross revenue per year. This result also greatly assists the Corporation in prioritizing properties and zones for new drilling and directing addition work on existing wells.”

Source: EvaluateEnergy® ©2019 EvaluateEnergy Ltd