Advantagewon To Re-Enter Two Existing Wells Using Radial Jet Drilling Supplied By V2H USA Inc.

Scott AdamNews

Toronto, Ontario–(Newsfile Corp. – February 25, 2019) – Advantagewon Oil Corp., (CSE: AOC), (OTCQB: ANTGF), (the “Corporation”, “Advantagewon”, “AOC”) announced today that it has signed an agreement 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.

V2H’s technology and 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.

The operations are planned for March 2019.

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
W: www.aoc-oil.com

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

Mr. Frank Kordy
Secretary & Director
Advantagewon Oil Corp.
T: (647) 466-4037
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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43023