Toronto, Ontario–(Newsfile Corp. – February 3, 2020) – Advantagewon Oil Corp., (CSE: AOC), (OTC Pink: ANTGF), (the “Corporation”, “Advantagewon”, “AOC”) announced today that it has further expanded and advanced its Canadian based operations. The Corporation has entered into an agreement whereby it acquired a working rights interest to a former operating well that has a historic production record of between 20 and 30 Barrels of Oil Per Day (“BOPD”).
The Corporation has also committed to funding and implementing a workover program with the purpose of recommissioning the well that it is acquiring. Total commitment, including both the purchase price, and the anticipated costing to conduct the workover program, will amount to Eighty Thousand Dollars (‘$80,000.00″) CDN. The Corporation has issued a promissory note on the same terms as conditions as those entered into in its most recent financing round.
Once the workover program is completed and the well is both recommissioned and put back online, the Corporation’s working interest on the well will be 100%. The Corporation anticipates that the workover will take approximately 3 weeks and plans on commencing the workover immediately.
About Advantagewon Oil Corp.
Advantagewon is focused on building consistent cash flow from low cost, low risk oil wells. 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.
