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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. The Company’s assets are comprised of 100% operated, oil-weighted properties characterized by multi-zone oil reservoirs with low declines that include a number of low risk, multilateral horizontal development drilling locations. The Company focuses on pursuing and evaluating strategic acquisitions with synergistic characteristics of long-life producing assets and opportunities with low risk and upside potential.


TSXV:WCE - Post by User

Bullboard Posts
Post by bdepardeon Jun 27, 2018 5:27pm
76 Views
Post# 28240461

Surge Announces $28.4 Million Sparky Core Area Acquisition

Surge Announces $28.4 Million Sparky Core Area AcquisitionI believe Wescan's Provost assets are in this so called "Sparky Area". Would be nice if Surge tried to purchase our assets. The assets surge purchased produced 600 barrels a day. Simple math says Wescan is worth 9 million. On a fully diluted basis close to double what we trade at now. CALGARY, May 15, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce the execution of a formal purchase and sale agreement for the acquisition (the "Acquisition") of high netback, waterflooded, crude oil producing assets (the "Assets") in the Company's core Sparky area of Central Alberta for a purchase price of $28.4 million, which is expected to close on or about May 31, 2018.
Bullboard Posts