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 > Have we been ERC'ed? Westcore suspended... hmmmm?

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Comment by phoenix_traderon May 13, 2021 11:09am

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Post# 33191550

RE:Have we been ERC'ed? Westcore suspended... hmmmm?

Looks like Westcore's management did not advance funds for the audit. With close to $8 mill in available tax losses, property and suspended oil & gas assets, not to mention the listing value, the question is why. Eros has available cash and investments of close to $20 million and a market cap of $8 million but is not supporting Westcore, lots of moula for MAS and SMP but nada for Westcore.

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