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WesCan Energy Corp V.WCE

Alternate Symbol(s):  GPIPF

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

Comment by bdepardeon Mar 08, 2021 4:11pm
47 Views
Post# 32745468

RE:RE:RE:RE:Why is this moving so fast?

RE:RE:RE:RE:Why is this moving so fast?

Personally I like tired old developed assets that you pay 5 to 10 cents on the dollar for. I would assume there is a lot of opportunities for water flood or poli to go down the well and get production back up. I believe they have multiple drill locations as well to drill new wells. Interesting little play at least I think at $60+ wti. 



Theconsortman wrote: Petrosands went bankrupt with some of the same tired old assets.

As of January 2021 Westcan was making 59 bopd. If they are clearing $50k per month that will clear out their current payables in a year and a half.  Tired old assets...



 

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