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Advantage Resources, Inc. Exploration Projects

In pursuit of large oil reserves, Advantage concentrates its expertise in Kansas, Colorado and Nebraska where oil is abundant, exploration and development costs are low, and success rates are quite high.
To define specific areas of interest, our exploration team studies all available technical data, and then leases the mineral rights. 3-D seismic allows us to build an inventory of drillable prospects.

Once a prospect is drilled and fully developed, Advantage attempts to sell the asset with maximum profit in mind.

Our main areas of exploration are described below. Please contact us if you are interested in pursueing investment opportunities.


Western Nebraska
Advantage Resources has +100-years of exploration and development experience in western Nebraska. Fifty years of that experience comes from Ed Ackman and fifty years of that experience comes from Lou Bortz. This broad experience has allowed us to remain in the area due to the successes that experience brings to a company.


 Currently Kimball County has two exploration plays; the Cretaceous D and J sands and the Permian sands and dolomites of the Wykert and Admire, respectively. The Cretaceous exploration phase kicked off in the 1950’s and is still producing new field discoveries today. The Permian exploration phase kicked off in the late 1980’s and is Advantage’s main exploration target in the area. Wykert and Admire exploration paid off with the discovery of the Kleinholz field in 1987, today the Kleinholz field has produced approximately 10,000,000 barrels of oil.

 Advantage Resources drilled and operated 13 wells in the Kleinholz field until we sold our interest in the field and began to explore for the next Kleinholz. During this time Advantage has drilled approximately 28 wells in the Permian trend and has discovered 5 new fields. Advantage Resources is continuing those exploration efforts along the Wykert and Admire trends on 35,000 net acres south of the Kleinholz field complex.

 In 2013 we anticipate conducting a development campaign in our newest discoveries at Persistence and Stevens fields. Also in 2013 we will begin the exploration drilling phase on our leasehold in the southern portions of Kimball County, NE.

Southwest Nebraska

Advantage Resources has +70-years of experience in the Lansing/Kansas City and Reagan/Basal Sand trends of Southwest Nebraska. Fifty-five years of that experience comes from Ed Ackman who began working this area back in 1955 shortly after he graduated from the University of Oklahoma. As a geologist working for Frontier Refining in Denver Colorado, Ed Ackman discovered the Ackman field, in 1959, which has produced 8,910,812 barrels of oil to date, in Red Willow County Nebraska. Approximately 3.5 miles to the east of the Ackman Field and one year later in 1960 the Sleepy Hollow Field was discovered producing from the basal sand and Lansing C predominately, to date Sleepy Hollow has produced 56,851,105 barrels of oil.  Shortly after the discoveries of the Ackman and Sleepy Hollow fields Ed went out on his own, eventually forming Advantage Resources Inc. in the 1970’s.  Advantage Resources/Ed Ackman was involved in the discovery of Bed Canyon Field in 1966 as well as the Hayes Center field area in 1986.

Ackman Energy and Wold Oil Properties, Inc. have acquired approximately 65,000 net-acres along the western flank of the north-northwest – south-southeast trending Cambridge Arch in southwestern Nebraska. This acreage position comprises 16 individual prospects targeting the Cambrian-age Reagan sandstone sub-crop play. Notable fields within this play fairway include Ray and Norton in northern Kansas and Sleepy Hollow, Ackman, Bed Canyon, Hayes Center and Hayes Center West in southwestern Nebraska. To date, these fields have produced more than 200 million barrels of oil from the porous and highly permeable Cambrian sandstones of the Reagan formation.


The sands of the Reagan formation comprise material that was shed from the Cambridge Arch during times of Cambrian subaerial exposure. In the focus area, this material was transported basinward (west-southwest) through fluvial processes and reworked during periods of marine transgression. Consequently, porosities ranging between 18% and 28% and permeabilities ranging between 1 and 16 darcies are common. Subsequent uplift and erosion during the Mississippian stripped virtually all of the early Paleozoic sediments off of the Cambridge Arch, creating a down-dip uneroded sub-crop on the arch margin and the potential for multimillion barrel stratigraphic traps below the Mississippian unconformity. 

This play is focused on the updip limit of Reagan sand (subcrop) inherently resulting in a combination of structural and stratigraphic requirements to create a trapping configuration.  Through subsurface mapping of roughly 120 townships, the updip sand limit has been delineated throughout the play fairway. Additionally, mapping on various structural datums has been completed.  The combined structural-stratigraphic map set affords the ability to delineate high-probability prospect areas with striking similarity to the aforementioned Reagan-producing fields.  Additionally, shallower producing formations such as the Lansing A sand have been identified and represent upside potential within many of the prospect areas.

Volumetric estimates of oil-in-place in the identified prospects range between 16.5 MMBO and 1.3 MMBO, with cum oil-in-place in excess of 107MMBO. Recovery factors are typically around 25% resulting in an estimated ultimate recovery of 29 MMBO from the identified prospects.

Additionally, Advantage Resources continues to define new areas of opportunity within the focus area driven by solid geology and geophysics.


ADVANTAGE RESOURCES, INC.    1775 Sherman Street Suite 1700  Denver, CO 80203   Phone (303) 831-1912  Fax (303) 832-6048

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