Advantagewon Commencing Operations to Re-enter Two Existing Wells Using Radial Jet Drilling Supplied by V2h USA Inc.

Source Press Release
Company Advantagewon Oil Corp. 
Tags Strategy - Upstream, Strategy - Corporate
Date March 28, 2019

Advantagewon Oil Corp., (CSE: AOC) (OTCQB: ANTGF), (the "Corporation", "Advantagewon", "AOC") provides an update on operations with V2H USA Inc., ("V2H") whereby the Corporation will provide and prepare two of the Corporation's existing wells, and V2H will re-enter these two wells and perform Radial Jet Drilling service on them at no cost to the Corporation.

Two of the Corporation's wells a have been prepared for V2H, and V2H has equipment on site and is preparing to commence Radial Jet Drilling. V2H's Radial Jet Drilling operations are expected to commence within the next three business days and operations are scheduled to be completed on or before April 10, 2019. Evaluation of the result should be complete by April 24, 2019.

As previously announced via press release back on February 25, 2019, V2H's technology tools have been specifically developed for sandstone reservoirs such as AOC's current shallow oil reservoirs with the goal of improving rates of oil production. The method employed, drills horizontally in 4 directions (limited to 3 directions on 4-1/2" casing diameter, due to casing integrity) on multiple horizons from an existing vertical well bore. This provides the advantages of a true horizontal well without the cost and complication of drilling horizontally and can be employed in existing vertical wells.

The penetration of formation in multiple directions on multiple horizons, along with Measurement While Drilling (MWD) and steering capabilities, allows for additional flexibility and targeted reservoir connectivity than that of conventional perforating methods. The function and purpose of this specialized service, is to greatly increase the ability of oil to flow from the reservoir into the well bore.

Source: EvaluateEnergy® ©2019 EvaluateEnergy Ltd