Westcore Energy Ltd V.WTR.H

Energy Oil & Gas E&P

Westcore Energy Ltd. is a Canada-based oil and gas exploration and development company. The Company is focused on the development of its Success Formation heavy oil fields located in west-central Saskatchewan. It has 100% interest in approximately 9,000 acres of Success Formation land with Westcore drilled wells in production. The Company has 100% interest in 34 net sections of land in two oilfields located in west central Saskatchewan. The Flaxcombe Field and the Riverside projects are both focused on production of heavy oil within the Success Formation. The Flaxcombe/Producing Wells acquired three dimensional (3D) seismic to further delineate locations for horizontal development. It has eight sections of heavy oil land (5 net), and its field production is approximately 170 barrels of oil per day. Riverside/Success Formation has over 29 sections of heavy oil land, and it acquired over10 square kilometers 3D seismic. Its field production is approximately 30 barrels of oil per day.

TSXV:WTR.H - Post by User

Westcore Energy Ltd

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Post by BahamaBankeron Feb 11, 2011 5:58pm

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Post# 18120233

Reasons for modest move

I think that the reason the stock did not move much higher today was because the company has over 7 Million shares for sale at 55cents. They announced a financing last week in anticipation of the news release on the drill results. Once the company is funded I expect that the shares will move up more dramatically on any further good news that it gets.

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