WesCan Energy Corp V.WCE

Alternate Symbol(s): GPIPF

Energy Oil & Gas E&P

WesCan Energy Corp. is a Canada-based junior public resource company. The Company is engaged in the business of oil and gas exploration, development and production with oil and gas operations and property interests in Alberta, Canada and Texas, United States of America. It is focused on exploration and development of light oil and liquids-rich natural gas opportunities in Alberta and Saskatchewan. Its assets are comprised of 100% operated, oil-weighted properties characterized by multi-zone oil reservoirs.

TSXV:WCE - Post by User

WesCan Energy Corp > Low cost even with the workovers. More production coming

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Comment by bdepardeon Mar 06, 2021 12:40pm

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Post# 32736337

RE:RE:Low cost even with the workovers. More production coming

They are medium grade oil, basically if the wti price is $66.33 usd they are getting around that price but in $Cad dollars from what I have noticed.

Roddiggiti wrote: With WTI at $66 today, Wescan is making good money. Once the workovers are all completed, the company should be netting a profit of at lesat $50K per month. Bigger upside on the drilling potential. Their reserves are close to 500,000 barrels, mostly light oil. Stock should be trading at 12-15 cents right now.

From their last 51-101, 21 wells(some are being worked over and aren't producing right now) and then cost of production never exceeded $37, in the last 5 years. So we know they're making money.

Reserves: https://cdn-ceo-ca.s3.amazonaws.com/1g3vthi-WCE%20Reserves%20%26%20Cost%20Of%20Production.jpg

Production Costs: https://cdn-ceo-ca.s3.amazonaws.com/1g3vtib-WCE%20Producing%20Wells.jpg