Advantagewon Announces Testing of Deeper Oil Zones

October 03, 2018 8:00 AM EDT | Source: Advantagewon Oil Corp.

Toronto, Ontario--(Newsfile Corp. - October 3, 2018) - Advantagewon Oil Corp. (CSE: AOC) (OTCQB: ANTGF) (the "Corporation", "Advantagewon", "AOC") announces testing of deeper oil zones in existing wells.

In the Corporation's continuing work to evaluate its leases and improve production, a deeper sand zone has been perforated in two of the Corporation's existing LaVernia area Texas wells. The purpose of this deeper well completion was to establish a second Poth sand zone as oil charged and capable of production, and therefore, a candidate for further development drilling or additional Poth sand zone completions in existing wells. The Corporation has commenced testing on one of these wells and is very pleased to report that the well is producing oil from the newly completed zone. Testing of the second well has been delayed due to the very wet weather in the region. Once the weather improves, the Corporation will commence testing on the second well and announce combined rates. These two additional zone tests were completed at a cost to date of under $14,000 USD. The current market price for purchase of oil production in this area is $40,000 USD to $50,000 USD per barrel of oil, per day.

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. Advantagewon's common shares are listed on the OTC Markets in the United States and on the Canadian Securities Exchange ("CSE") in Canada. Advantagewon is a member of the CSE Composite Index (CSE: AOC). For more information please visit www.aoc-oil.com.

For further information please contact:

Mr. Charles Dove
CEO & Director
Advantagewon Oil Corp.
T: (403) 815-2440
E: charles.dove@aoc-oil.com
W: www.aoc-oil.com

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

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