Advantagewon Oil Corp., Provides an Operational Update for Its Black & Morris Property

September 20, 2017 8:00 AM EDT | Source: Advantagewon Oil Corp.

Toronto, Ontario--(Newsfile Corp. - September 20, 2017) - Advantagewon Oil Corp., (CSE: AOC), (the "Corporation", "Advantagewon") announced today that it is seeing positive results on its Black & Morris lease wells located in the LaVernia Oil field, in the State of Texas.

The Corporation is very pleased to report that all three wells recently fraced are producing oil. All three are producing a total of approximately 2 barrels of oil per day at an approximate 10% oil cut as the well continues to recover injected frac fluid. Once that fluid has been recovered, and the well has been producing for a period of time, the Corporation will provide a secondary update including an internal reserve estimate.

The Corporation plans to provide updates on its other recent workover efforts, and new wells drilled in the near future.

About Advantagewon Oil Corp.

Advantagewon is focused on building consistent cash flow from low cost, low risk oil wells in the State of Texas. AOC applies specialized expertise to increase oil recovery from 10-15% to up to 75% for each well. Once the enhanced recovery strategy is successfully applied, AOC will repeat the process throughout the oil pool to maximize output and minimize cost and risk. For more information please visit www.advantagewonoilcorp.com

For further information please contact:

Mr. Paul Haber      
CEO & Director
Advantagewon Oil Corp.
T: (416) 318-6501
E: paul.haber@aoc-oil.com
W: www.advantagewonoilcorp.com

Mr. Frank Kordy
Secretary & Director
Advantagewon Oil Corp.
T: (647) 466-4037
E: frank.kordy@aoc-oil.com
W: www.advantagewonoilcorp.com

Forward-Looking Statements
Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

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