Advantagewon Oil Corp., Provides an Operational Update for its Junsen Transue Property

August 24, 2017 8:00 AM EDT | Source: Advantagewon Oil Corp.

Toronto, Ontario--(Newsfile Corp. - August 24, 2017) - Advantagewon Oil Corp., (CSE: AOC), (the "Corporation", "Advantagewon") announced today that it is seeing positive results on its Junsen Transue lease well located in the LaVernia Oil field, in the State of Texas.

The Corporation is very pleased to report that the well is currently producing 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 well work over efforts, and new wells drilled in the near future when frac fluids have been recovered, production equipment installed, and results obtained.

About Advantagewon Oil Corp.

Advantagewon Oil Corp., is a Toronto-based Oil Company with a focus on development opportunities in the State of Texas. Advantagewon currently owns two properties in the State of Texas: the Saratoga property located in Hardin County, Texas; and the LaVernia property located in Guadalupe County, Texas.

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

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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