Sacramento, CA , Feb. 02, 2018 (GLOBE NEWSWIRE) -- A new report has been published on Advantagewon Oil Corp. (OTCQB: ANTGF)
Advantagewon Oil Corp. operates as a low-cost and low-risk oil exploration and production company within the state of Texas. As of
February 2018, Advantagewon Oil Corp has around 24 low-cost prospects across two properties within the state: La Vernia and
Saratoga. The company holds leases covering 3,500 plus acres on the La Vernia field, 400 acres on Saratoga property. Currently,
Advantagewon Oil Corp. has operational oil wells at its La Vernia and Saratoga properties, where the company has production costs
of $11 per barrel and $12 per barrel respectively.
The report provides an overview of Advantagewon Oil Corp., its oil properties/leases, industry analysis, and the
outlook for the U.S. oil markets for 2018.
Goehring & Rozencwajg: WTI Crude Oil To Hit $100 In 2018
As the first month of 2018 comes to a close, oil stands among the top performers. WTI Crude Oil saw gains greater
than 7.00% for the month of January, closing at just under $65 per barrel. The long-term trend on oil’s Commitment of Traders
(COT) report remain very bullish, as commercial hedgers and large traders continue to add to
their positions.
According to a recent report from natural resource investment management firm, Goehring & Rozencwajg, the oil
markets are on track to hit $100 in 2018. The firm sees the rallying continuing due to the continuation of oil inventory drawdowns,
improving demand, decrease in large oil discoveries, and signs of exhaustion within the U.S. shale market.
“Since we first outlined our thesis one year ago, oil inventories have drawn by as much as 650,000 b/d relative to
normal – a record rate. The market deficit continues to get worse, and 2018 should see inventories draw further. With the market in
deficit, demand surging higher and the rest of the non-OPEC world feeling the impact of meager conventional discoveries, the burden
of balancing the market falls to the US shales. However, signs are emerging that the US shales are exhibiting the first signs of
field exhaustion and will not be able to make up the shortfall. Inventories should continue to fall, putting upward pressure on oil
prices. Our thesis – $100 oil sometime in 2018 – is looking more and more possible,” detailed the resource outlook report.
Goehring & Rozencwajg also commented on the lack of attention to the oil rebound, which is up around 150% since
bottoming in February 2016. The firm notes that investors continue to rely on consensus data rather than actual fundamental
improvements. The firm concluded that the continued neglect from investors and coinciding fundamental improvements in the oil
markets could “present investors with a phenomenal buying opportunity.”
Advantagewon Oil: First Quarter Drilling Program To Expand Oil Production Capabilities By 15 BOPD
Initially
Advantagewon Oil Corp. recently released its proposed first quarter 2018 drilling program, which detailed the
intent to drill between six to ten wells across three of its current LaVernia leases by the end of
March 2018. These initial wells will target two shallow Poth sands at depths from 1,100 to 1,400 feet. Poth does not require
fracing to produce, which allows the company to save on expenses and increase cash flow. Overall, the new wells are expected to add
an additional 15 barrels of oil per day (BOPD) in production initially.
Furthermore, the company took the opportunity to announce that its average daily oil production has hit approximately 45 BOPD. Management forecasts monthly revenues net of
royalties to come in around $60,000 USD for the month of January.
On January 24th, Advantagewon Oil CEO Charles Dove interviewed with the “Stock Day” podcast to provide more details on the company’s Texas operations. Mr. Dove
notes that advanced technologies and upgraded wells have revitalized the Texas oil landscape, which was once considered to be
tapped. “There is still a lot left to do. A lot of low-risk opportunity and we just see that as a great way to grow a company right
now,” detailed Mr. Dove.
Overall, Advantagewon Oil has an exciting future ahead, as the low-cost producer continues to expand its
production capabilities across its properties. Oil market fundamentals continue to stabilize and improve, despite the lack of
attention from investors. However, the commitment of traders (COT) report shows that the “smart money,” the commercial hedgers, are
continuing to expand on their short positions on oil to multi-year highs. Advantagewon Oil is entering a period of high-growth and
margins, as oil prices continue to march higher.
For more information on Advantagewon Oil Corp., please visit https://www.aoc-oil.com and http://spotlightgrowth.com/index.php/2018/02/01/1-stock-consider-oil-forecast-hit-100-2018/
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