GREY:ANTGF - Post by User
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Bullets686on Mar 07, 2018 11:14am
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Rigs In!!
Rigs In!!
ORIGINAL: Advantagewon Commences Drilling at LaVernia
2018-03-07 11:03 ET - News Release
Toronto, Ontario--(Newsfile Corp. - March 7, 2018) - Advantagewon Oil Corp. (CSE: AOC) (OTCQB: ANTGF) (the "Corporation", "Advantagewon", "AOC") is pleased to announce that the soft ground conditions at LaVernia have significantly improved and that the drilling rig that was previously on standby, has now been moved onto the LaVernia field and the drilling of the first three of the proposed six wells has commenced.
Completion & testing operations will be carried out upon conclusion of the drilling program. Each vertical well will be approximately 400 metres in total depth, and the drilling is expected to take approximately three days per well.
As previously stated in the Corporation's Jan 22nd, 2018 press release, once drilling and equipping of the six wells is completed, the wells are expected, on average, to add 15 barrels of oil per day ("BOPD"), per well, for a total of 90 BOPD. The Corporation is still awaiting for the drilling permits to arrive on the remaining three wells and anticipates that these permits will arrive this coming week.