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 04, 2021 12:33am

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Post# 33327768

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

So you think at 70 wti usd converted to cad to reflect medium oil discount.
$70 x 100 x 365 = 2.55 million gross less 0.7m expenditures

1.86M free cash flow @ 70 wti

2.22M free cash flow @ 80 wti

2.59M free cash flow @ 90 wti

Dragoon wrote: True. Easy money here
And the latest Quarter release in March showed the last 9 months as other expenses of only 500K. The last Quarter was 150K ('Depletion and accretion' & 'General and administration'). It has been going down for years. Just put in 700K for a full year assumption and it can't be far off. Definitely with the trend.

Under Expenses is also 'operating cost' which is part of the netback calculation. So I leave that out

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