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 > Oil price near $70 wti...WesCan makin good cash flow

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Comment by bdepardeon Jun 03, 2021 1:47am

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Post# 33317144

RE:Oil price near $70 wti...WesCan makin good cash flow

They sell medium crude which gets a slight discount to $wti. For easy math just assume the usd wti price is in cad to capture discount.

~100 barrels a day production assuming all 28 wells operational now. 100 barrels a day x $70 cad per barrel is about $7000 a day before expenses. Net backs should be $30 dollars a barrel or higher now. Financials will tell a lot, we need some news to watch this sit and do nothing is painful.