Advantagewon Completes Site Preparation and Prepares for Drilling on the First Well of the Corporation's 2019 Drilling Program

Source Press Release
Company Advantage Oil & Gas Ltd. 
Tags Strategy - Upstream, Upstream Activities
Date March 14, 2019

Advantagewon Oil Corp., (AOC), (otcqb:ANTGF), (the "Corporation", "Advantagewon", "AOC") announced today that the Corporation had signed a contract and secured the drilling rig for the purpose of commencement of drilling the first well of the Corporation's 2019 Drilling Program. The first well will target multiple shallow sands on land that is currently producing oil from these zones. The zones targeted include the deeper Poth B zone proven to be oil bearing by a completion of an existing well on this lease as announced October 31 [st] , 2018 as well as the established shallower oil bearing Poth A zone.

All drilling permits have been secured, and site preparation for the drilling began on March 14 [th] , 2019. The drill rig is scheduled to mobilize to the drilling location and commence drilling between March 18 [th] and March 20 [th] , 2019. The Corporation anticipates initial flow rates between 10 to 20 barrels of oil per day from this initial well. Drilling, casing, completion and equipping of the well is expected to be complete by April 10 [th] , 2019.

Source: EvaluateEnergy® ©2019 EvaluateEnergy Ltd