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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

Post by Dragoonon May 08, 2021 4:30am
206 Views
Post# 33159091

50% of Acquisition Value

50% of Acquisition ValueBelow is the acquisition link for #WCE Provost area. This is in #WCE area. They paid 135,3 mln for 2800 BOED which is 28K per BOED. #WCE is probably 100+ soon and that is 2,8 mln or probably higher, as oil prices proof to be holding and cost are low. With 35 mln shares it is about 14 cent per share acquisition value. This is 100% more than the SP! Also strong books as suppliers are shareholders and tje wells will remain for many years https://www.globenewswire.com/news-release/2021/03/05/2187917/0/en/Tamarack-Valley-Energy-Announces-Strategic-Clearwater-and-Waterflood-Asset-Acquisitions-55-0-Million-Equity-Financing-Appointment-of-New-Board-Member-and-Pro-Forma-2021-Guidance.html
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