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    #46


    Dear Advantagewon Investor,

    Charles Dove will be hosting a conference call on Tuesday, May 1, 2018 at 5:00pm EST (2:00pm PST). If you would like to join the call please use the following information:

    USA/Canada:1-719-457-6209
    Participant Passcode: 357523

    In order for this to work efficiently and easily, please dial-in approximately 5 minutes beforehand. If you could also save any questions you might have until the end it would be much appreciated.

    Comment


      #47
      ADVANTAGEWON OIL CORP. UPDATES NI 51-101 REPORT COMBINED UNDISCOUNTED RESERVES INCREASE BY 57% FROM USD $135,000,000 TO USD $212,000,000

      MKM Engineering Oil and Gas Consulting Services of Plano, Tex., has completed an update on the oil and gas reserves and economics evaluation report for both Advantagewon Oil Corp.'s LaVernia and Saratoga properties. Both reports are in compliance to National Instrument 51-101 ("NI 51-101"). Copies of the two reports have been posted onto the homepage of the Corporation's website www.aoc-oil.com and Form 51-101F1 (Statement of Reserves Data and Other Oil and Gas Information), which references the information contained within the two reports has been filed onto SEDAR.

      Set out below are summary tables of the value of the future net revenue for the companies two core properties and of the Corporation in total as at December 31, 2016 and December 31, 2017 as evaluated by MKM in the 2016 and 2017 Year-End 2017 reports. All economic evaluations stated in this press release, and disclosed in the two reports are and have been quoted in US Dollars. AOC's reserves are 100% light and medium gravity crude oil.

      LaVernia Reserve Values

      Key highlights of the report concluded that the undiscounted reserve value for the LaVernia field increased by 78% in 2017 vs. 2016.


      Effective Date Undiscounted NPV 10 NPV15 Dec 31, 2016 $98,712,300 $39,779,870 $26,311,820 Dec 31, 2017 $175,867,450 $74,618,070 $52,807,490


      Saratoga Reserves

      Key highlights of the report concluded that the undiscounted reserve value for the Saratoga field remained stable.


      Effective Date Undiscounted NPV 10 NPV15 Dec 31, 2016 $36,060,750 $24,264,700$20,308,150 Dec 31, 2017 $36,345,750 $23,004,010$18,670,580


      Combined and Total Reserves

      Key highlights of the report concluded that the combined undiscounted reserve value for the two properties increased 57.45%.


      Effective Date Undiscounted NPV 10 NPV15 Dec 31, 2016 $134,773,050 $64,044,570 $46,619,970 Dec 31, 2017 $212,212,450 $97,622,080 $71,478,070


      Mr. Charles Dove stated: "All of us at AOC are extremely pleased with the findings in the LaVernia report. Since my appointment to AOC, both Derek Stonehouse, our Geologic Technologist, and I, have been diligently working on evaluating and identifying existing geological areas on the LaVernia field that could unlock further Oil reserves. Thus far, the work we have put into the LaVernia field has allowed us to increase the known Undiscounted reserves by 78%. We have many other areas on the property that we want to further investigate and we are very optimistic that we will locate further discoveries on the field."

      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 in oil pool development by development drilling, pressure restoration and maintenance using water and chemical injection to increase oil recovery from 10-15% to up to 75% for each pool. 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

      Comment


        #48
        ADVANTAGEWON OIL CORP. PROVIDES UPDATE ON TWO WELLS DRILLED IN Q1 2018 AND BRINGS TWO ADDITIONAL WELLS ONTO PRODUCTION

        Advantagewon Oil Corp. has provided an update with respect to its six-well drilling program, other operational matters and the management team.

        As previously disclosed, Advantagewon has drilled two new wells in the LaVernia area. Weather delays at the start of Advantagewon's drilling program created a timing conflict for the drilling contractor who had a commitment to another party to drill a well on its lease prior to its expiry. As a result, the rig was not available to continue with the company's drilling as had been expected. Permitting for three of the four remaining wells was slower than expected, but all permits are now in place. Advantagewon is working with the drilling contractor to return the drill rig to the company's planned program as soon as possible.

        Both wells that were drilled had oil shows in the drilling fluids, and log depths and character were consistent with expectations. Work to bring in equipment to evaluate production capability of these wells is continuing, and Advantagewon will update the markets within the next two weeks.

        The corporation has hired John Garden, professional engineer, to manage its drilling and production operations and related contractors. Mr. Garden holds a BSc in chemical and petroleum engineering from the University of Calgary (Alberta) and has managed onshore drilling and production operations in Canada, the United States and internationally. Mr. Garden is the founder and principal of Deadeye Engineering and, with staff, over the period of 2004 to 2012, managed drilling, completions and equipping over 2,000 horizontal wells with a combined budget of over $1.75-billion. Mr. Garden is also the past president and current vice-president of the Canadian Association of Drilling Engineers.

        Following the departure of the contractor who had operated the company's wells and co-ordinated drilling activity in the LaVernia area March 30, 2018, the corporation has hired a new oil well operator for this area. The new operator has been familiarizing himself with the company's leases and wells and has identified opportunities for the company to bring some additional existing wells back on production. To date, two wells have been brought back on. Advantagewon is in the process of evaluating production rates and will provide an update within one week.

        Advantagewon expects to find similar opportunities as work progresses and will provide an update in the next 10 days on this area.

        Advantagewon has appointed Roger Harman as chief financial officer of the corporation.

        Mr. Harman is a chartered professional accountant and certified management accountant with over 40 years of experience in the oil and gas industry. For 12 of those years, he was involved in all aspects of the financial management of private and public companies. Previously, Mr. Harman served as the chief financial officer for a number of companies, including Canadian Superior Energy, PRD Energy Inc., and Axiom Oil and Gas Inc.

        Charles Dove, chief executive officer of Advantagewon, stated: "I'm very pleased to have Roger as CFO of the corporation. Roger Harman will provide detailed financial management of the corporation assets and activities and implement cost control systems to facilitate planned expansion of the company's operations. I look forward to working with Mr. Harman and applying his oil-industry-specific experience to the management of Advantagewon Oil Corp. Mr. Harman will be taking over this role from Graham Warren, who guided the corporation through its early development and transition from a private to a publicly traded business. Mr. Dove and the board of directors thank Graham for his service to the company. Mr. Warren has agreed to continue serving in an advisory role as may be required."

        With the addition of Mr. Garden and Mr. Harman, Mr. Dove further stated, "Advantagewon has made considerable progress in building the team needed to facilitate company growth and operational efficiency."

        About Advantagewon Oil Corp.

        Advantagewon is focused on building consistent cash flow from low-cost, low-risk oil wells in the state of Texas. Advantagewon applies specialized expertise in oil pool development by development drilling, pressure restoration and maintenance using water and chemical injection to increase oil recovery from 10 per cent to 15 per cent to up to 75 per cent for each pool.

        Comment


          #49
          Hi Rick,
          Is there a way to access a recorded version of the conference call? Unfortunately I missed it.

          Comment


            #50
            Don't think it was recorded. Was well worth listening in. First off there have been problems in Toronto and in Texas, Staff has been let go, new people hired. Office is being moved to Calgary. Expenses are being cut and a lot of what we all found objectional on SEDAR is being scrutinized or already cancelled. Some of it falls under the category of what was done was done, forget about it and drive on, for me anyway.

            Make no mistake CHARLES IS IN CHARGE and we have moved from Bay St to being a Calgary based O&G deal.

            rick

            Comment


              #51
              Thanks Rick. Did they mention anything in regard to the share performance and/or a promotion? Lots of investors underwater out there... I imagine there were some very pointed questions out there...

              Comment


                #52
                I did not make any friends Ron. Charles I trust and will back him, I'm positive what was in SEDAR was a surprise to him, It was to me, if I had known I never would of gotten involved.

                But it wasn't public knowledge and they never said. Blindsided me and a whole lot of other people. Now Charles has gotta get it fixed, he explained how he was going to do so and I believe hes the guy to get it done.

                We are going to build an oil company.

                rick

                Comment


                  #53
                  Only one direction to go from here. I’m looking forward to some progress.

                  Comment


                    #54
                    ADVANTAGEWON OIL CORP. PROVIDES UPDATE ON TWO ADDITIONAL WELLS BROUGHT ON PRODUCTION AND ADDS ONE MORE

                    Advantagewon Oil Corp. has provided this update with respect to the two wells brought back to production announced last week.

                    The corporation's new oil well operator in the LaVernia continues to familiarize himself with the company leases and wells, and has identified opportunities for the company to bring some additional existing wells back on production. To date, three wells have been brought back on and production testing is currently under way on these wells with results expected by the end of this week. This has been accomplished at very little cost to the company.

                    The company expects to find similar opportunities as work progresses.

                    Chief executive officer Charles Dove stated: "I look forward to finding additional opportunities to add production on the company's lease holdings by restoring existing wells to production. It is vital that we extract all possible value from our holdings and these incremental low-cost additions will contribute to our goal of achieving positive cash flow."

                    About Advantagewon Oil Corp.

                    Advantagewon is focused on building consistent cash flow from low-cost, low-risk oil wells in the state of Texas. Advantagewon applies specialized expertise in oil pool development by development drilling, pressure restoration and maintenance using water and chemical injection to increase oil recovery from 10 per cent to 15 per cent to up to 75 per cent for each pool.

                    Comment


                      #55
                      ADVANTAGEWON OIL CORP. ADDS ADDITIONAL WELL AND PROVIDES PRODUCTION UPDATE

                      Advantagewon Oil Corp. has provided an update with respect to the three wells brought back to production announced last week.

                      Production testing has been conducted on the three wells brought back on-line as oil producers last week and Advantagewon has added a total of three barrels of oil per day. This has been accomplished at very little cost to the company.

                      Advantagewon is also please to announce that it has found an additional well (its fourth since the company started a detailed inventory of its land packages), which was brought on late last week. The company continues to review all properties and wells and expects to find similar opportunities as work progresses. Advantagewon will make periodic announcements of wells returned to production and rates as they become available.

                      Charles Dove, chief executive officer, stated: "I am pleased with the progress on adding production on the company's leaseholdings by restoring existing wells to production. It is vital that we extract all possible value from our holdings and these incremental low-cost additions will contribute to our goal of achieving positive cash flow."

                      About Advantagewon Oil Corp.

                      Advantagewon is focused on building consistent cash flow from low-cost, low-risk oil wells in the state of Texas. Advantagewon applies specialized expertise in oil pool development by development drilling, pressure restoration and maintenance using water and chemical injection to increase oil recovery from 10 per cent to 15 per cent to up to 75 per cent for each pool.

                      Comment


                        #56
                        Been some Toronto and Texas sized bullshit to overcome but the team, a very capable experienced team who have 'been there done it' before - numerous times - are in place to turn CSE:AOC around and build a real oil company.

                        Rick

                        Management Team

                        Charles Dove
                        Chief Executive Officer

                        Mr. Dove is a Professional Geophysicist with over 38 years’ experience in Oil and Gas exploration, development, project and company management of which 28 of those years involved management of private and public companies. Previously, Mr. Dove served as the President, and Chief Operating Officer of Dejour Energy (Alberta) Ltd., and as a Director of Dejour Energy Inc., (TSX: DEJ), (NYSE MKT: DEJ). Under Mr. Dove’s management, Dejour reached 1,000 BOE per day within its first two years of operation.

                        Roger Harman
                        Chief Financial Officer

                        Mr. Harman is a Chartered Professional Accountant and Certified Management Accountant with over 40 years’ experience in the Oil and Gas industry. For twelve of those years, he was involved in all aspects of the financial management of private and public companies. Previously, Mr. Harman served as the Chief Financial Officer for a number of companies including: Canadian Superior Energy, PRD Energy Inc., and Axiom Oil and Gas Inc.

                        Derek Stonehouse
                        Geologic Technologist

                        Mr. Stonehouse has over 20 years of experience in the oil and gas industry. As a Geological Consultant for Northern Blizzard Resources, he identified and drilled over 140 horizontal wells increasing his pool from 1000 bbls/d to 4000 bbls/d. Previously, Mr. Stonehouse served as a Director of Cardiff Energy Corp., (TSXV:CRS) and as a Director of Goldeneye Resources Corp. (TSXV:GOE).


                        John Garden
                        Operations Manager

                        Mr. Garden, holds B.Sc. in Chemical and Petroleum Engineering from The University of Calgary, Alberta and has managed onshore drilling and production operations in Canada, the United States and internationally. Mr. Garden is the founder and principal of Deadeye Engineering and with staff, over the period of 2004 to 2012, managed drilling, completions and equipping over 2000 horizontal wells with a combined budget of over $1,750,000,000. John is also the Past President and current Vice President of the Canadian Association of Drilling Engineers.Past President and current Vice President of the Canadian Association of Drilling Engineers.

                        Comment


                          #57
                          ADVANTAGEWON OIL CORP. COMMENCES SWABBING AND PRODUCTION TESTING ON TWO HOLES AT LAVERNIA

                          Advantagewon Oil Corp. will commence production testing and swabbing of the two 400-metre vertical wells that the corporation completed drilling in first and second weeks of March, 2018. Due to weather delays, and increased work volume in the State of Texas, the Corporation has experienced multiple delays in securing firms to conduct the required work. The Corporation acknowledges that it is behind schedule on its six hole drill programme which the Corporation is currently working hard to rectify.

                          The Corporation expects that it will be in a positon to report flow rates of the two LaVernia wells by the end of the third week of May. The Corporation still anticipates that the two wells will add approximately 15 barrels of oil per day ("BOPD"), per well, for a combined approximate total of 30 BOPD.

                          The Corporation continues production testing on one of its three wells on its Lerma Lease following its recompletion in Q3 2017 and servicing in Q1 2018. The well has been producing oil and water with a total of over 265 barrels reported at an estimated 50% oil cut in February. Following the most recent servicing, the wells has been flowing oil and water with over 300 barrels of fluid produced. The Corporation will be adding a surfactant chemical to separate the fluids to get an indication of the oil cut. This well is one of three wells on the property with the potential to be re-completed in both shallow sand and deeper Austin Chalk and Buda formations.

                          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 in oil pool development by development drilling, pressure restoration and maintenance using water and chemical injection to increase oil recovery from 10-15% to up to 75% for each pool. 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.

                          Comment


                            #58
                            Advantagewon Oil Corp. Provides Swabbing Results on Two Wells at LaVernia

                            2018-06-01 07:28 PT - News Release

                            Toronto, Ontario--(Newsfile Corp. - June 1, 2018) - Advantagewon Oil Corp. (CSE: AOC) (OTCQB: ANTGF) (the "Corporation", Advantagewon", "AOC") announced today that swabbing of the two wells previously drilled on one of its properties in the LaVernia area has been completed.

                            The Corporation has encountered encouraging results from the first well drilled earlier this year. The primary sand target in the first well was perforated and swabbed. The initial fluid level in this first well was at 384 foot from surface, which is approximately 720 feet above the perforations showing considerable inflow into the well bore. The first swab on this well recovered 100 feet of oil. The second swab recovered 300 feet of oil and water. The Corporation believes minor formation damage occurred in this first well during drilling which may be partially restricting flow rates and the Corporation is now planning a small frac'ing procedure in an attempt to correct this and enable the well to demonstrate its ultimate flow potential. Drilling fluid chemistry was modified for the drilling of the second well to address the formation damage issue.

                            The second well was perforated in the secondary deeper sand zone, and swabbed, and proved to be wet in this secondary target zone. A bridge plug was placed above this zone and the primary shallower sand zone which had recovered oil in the first well was perforated on May 30th, 2018. Swabbing equipment will be recalled as soon as possible to continue evaluation. There were oil shows from this sand in the second well as it was drilled.

                            The Corporation is now in the process of sourcing tanks, pumps and a generator to be installed so it can commence further production testing and determine flow rates on the two wells.

                            Mr. Charles Dove stated: "The Corporation has faced numerous delays and is moving as quickly as possible to ascertain the flow rates of the two wells. Despite the scheduling setbacks, we are very encouraged by the initial findings found in the two wells. We believe that the daily production rate of these wells will be consistent with the estimated 15 bbls 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 in oil pool development by development drilling, pressure restoration and maintenance using water and chemical injection to increase oil recovery from 10-15% to up to 75% for each pool. 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.

                            Comment


                              #59
                              I'm going to give Charles a call and check this out. I recall we have Austin Chalk, maybe quite a bit. Me and him were talking about it quite a ways back.

                              Next Big Thing for U.S. Drillers Is a Play Jilted 20 Years Ago

                              https://www.bloomberg.com/news/artic...d-20-years-ago
                              Last edited by rick; June 14th, 2018, 04:55 AM.

                              Comment


                                #60
                                Lerma Lease

                                Never got done - Recompletion by frac’ing of the Austin Chalk zone in the Lerma #2 well scheduled for mid September 2017.




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