Wescan Energy Corp. is pleased to announce the successful completion of drilling operations for its multilateral horizontal oil well located in the Provost area of east-central Alberta.
Calgary, Alberta – August 20, 2025 – Wescan Energy Corp. ("Wescan" or the "Company") is pleased to announce the successful completion of drilling operations for its multilateral horizontal oil well located in the Provost area of east-central Alberta.
The well was drilled on time and under the approved authorization for expenditure (AFE) budget, marking a key operational milestone in Wescan’s 2025 capital program targeting oil development in the Mannville Group. The wellbore was designed with multiple horizontal laterals to enhance reservoir contact, improve recovery, and reduce surface disturbance. No operational issues were encountered during the drilling phase.
Wescan is currently conducting pressure testing on the well and anticipates commencing production by late August to early September 2025.
“We are very encouraged by the execution of this drilling program and remain focused on delivering capital-efficient growth,” said Leo Berezan, Chief Executive Officer of Wescan Energy Corp. “With drilling completed under budget, we look forward to bringing this well on stream shortly.”
The Company will provide additional updates upon production startup and once stabilized flow rates have been established.
Wescan Energy Corp. is a Canadian junior oil and gas company focused on the efficient development of oil assets in Alberta.
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This website contains forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information includes statements regarding future production rates, drilling plans, capital expenditures, reserve estimates, operating costs, and corporate strategy. Such statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those anticipated, including commodity price volatility, exchange rate fluctuations, regulatory changes, geological risk, and the ability to obtain financing. Readers are cautioned not to place undue reliance on forward-looking information. WesCan Energy Corp. assumes no obligation to update forward-looking information except as required by applicable securities legislation. BOE conversions are based on 6 Mcf = 1 BOE, which may not reflect actual energy equivalency. Reserve estimates are based on McDaniel & Associates March 2025 evaluation of the Provost area.
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Oil & Gas Advisory: Reserve estimates and related information on this website are derived from an independent reserves evaluation prepared by McDaniel & Associates Consultants Ltd. with an effective date of March 2025, prepared in accordance with National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities and the Canadian Oil and Gas Evaluation (COGE) Handbook. Reserve estimates are based on forecast prices and costs assumptions and are estimates only; actual reserves may be greater than or less than the estimates provided, and the estimated values do not represent fair market value. Net present values (including NPV10) are calculated using a 10% discount rate and do not necessarily represent fair market value. The reserves evaluation predates the Company’s subsequent operational activity and does not reflect results after its effective date.
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