Advantagewon Provides an Update on Second Radial Jet Drilling Operation. Drilling Operations are Completed

Source Press Release
Company Advantagewon Oil Corp. 
Tags Strategy - Upstream, Upstream Activities
Date April 29, 2019

Advantagewon Oil Corp., (CSE: AOC), (OTCQB: ANTGF), (the "Corporation", "Advantagewon", "AOC") announced today that it had completed the horizontal radial jet drilling with V2H USA Inc., ("V2H") on the second well of the two well programme whereby the Corporation provided and prepared two of the Corporation's existing wells for V2H's Radial Jet Drilling service.

On this second well, three horizontal bores were drilled radially with the water jet technology with penetrations of 42, 32, and 22 feet horizontally into the Poth "B" sand. Oil shows were observed as these horizontal bores were drilled. The Poth "B" was proved to be oil charged, as announced via press release on October 31, 2018. The well is currently still pumping off the water used for the horizontal water jet drilling, and is showing an increasing oil cut as the water is being recovered. With a total of 96 feet of reservoir penetrated horizontally as compared to the conventional perforations in the nearby first Poth "B" well, the Corporation anticipates significantly higher oil deliverability from this well. The Corporation believes that the production potential of this well will be between 8 and 15 bopd. Once the water is fully recovered, the Corporation will be in a position to accurately announce the barrels per day deliverability from this well.

Operations to follow will include moving and installing production equipment to the new well that the Corporation completed drilling on April 3rd, 2019. Please refer to the Corporation's press release dated April 3rd, 2019 for more information on this well. Once the equipment is in place, the Corporation will commence production testing on this well. The Corporation will also work on finalizing the equipment installation and production testing of the first V2H well. Please refer to the Corporation's press release dated April 8th, 2019 for more information on this well.

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