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. 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

WesCan Energy Corp > Why is this moving so fast?

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Comment by Roddiggition Mar 09, 2021 12:13am

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Post# 32749925

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

From what I was told by my associate, that's not the case. The $200k will go right to the workovers as crews are on standby. So we should have all 21 wells producing by month end.

Apparently there's around 70% of the float held by insiders and friends/family/co-workers of the company. So a lot of the liabilities are acutally much safer than it looks from the balance sheet. Once WCE gets the cash flow from 100+bopd, then they can clean up the books much faster.

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