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 > Potential with acquisition value when I look in the market

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Post by Dragoonon Apr 08, 2021 11:24am

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Post# 32956664

Potential with acquisition value when I look in the market

TVE.T acquired 2,800 BOED in the Provost/Nipsi area two weeks ago for $135 million dollars. This would be roughly $48,000 CDN per flowing barrel.
After the workovers are done I see 100 BOE/D easily.

I don't know the exact specifics but on acquisition value there looks to be big potential. Each company is different but it at least shows money is paid for BOE. WCE has it's own facility to process the oil and many reserves.

100* 48K CAD = 4.8 mln CAD
4.8 mln CAD / 35 mln shares = 14 cents

https://boereport.com/2021/03/25/tamarack-valley-energy-ltd-announces-closing-of-previously-announced-strategic-clearwater-and-waterflood-asset-acquisitions-and-68-million-equity-financing/

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