We use cookies to analyze site traffic and improve your experience. Learn more in our Privacy Policy.

← Back to News
April 15, 2026 · Press Release

WESCAN ENERGY CORP. PROVIDES OPERATIONAL UPDATE

Wescan Energy Corp. is pleased to provide an operational update on its upcoming drilling program.

Download PDF ↓

Calgary, Alberta – April 15, 2026 – Wescan Energy Corp. (TSX.V: WCE) (“Wescan” or the “Company”) is pleased to provide an operational update on its upcoming drilling program.

Drilling Program Update

Wescan is currently in advanced discussions with its drilling contractor to finalize the rig selection for the Company’s upcoming drilling program. The Company expects to confirm the rig and spud dates in the near term and looks forward to providing further details to shareholders as the program progresses.

Collaborative Approach with Area Operators

Wescan is working closely with other operators active in the area to coordinate the logistics of the upcoming drilling program, including the shared use of common vendors and service providers across the participating companies. By aligning on vendors, scheduling, and logistics, the Company and its neighboring operators aim to maintain continuity across the program, which is expected to deliver meaningful operational benefits for all parties involved.

This collaborative approach is anticipated to improve drilling performance, reduce non-productive time, minimize rig-release gaps, and ultimately lower the cost per meter drilled. Wescan believes that a coordinated execution strategy with area peers represents a practical and efficient way to optimize capital deployment, enhance execution, and create value for shareholders while strengthening relationships across the local operating community.

The Company will continue to provide updates as the drilling program advances and looks forward to sharing operational results in the coming quarters.

Wescan also announces that Mr. Shubham Garg has resigned from the Board of Directors of the Company, effective immediately, due to personal reasons. During his tenure, Mr. Garg provided invaluable insight, strategic guidance, and a strong work ethic that meaningfully contributed to shaping Wescan’s direction and positioning the Company for its next phase of growth. The Board and management of Wescan sincerely thank Mr. Garg for his hard work, dedication, and the valuable perspective he brought to the Company, and wish him continued success in his future endeavors.

About Wescan Energy Corp.

Wescan Energy Corp. is a publicly traded oil and gas company engaged in the exploration, development, and production of petroleum and natural gas resources in Western Canada.

For further information, please contact:

Sarshar Ahmad COO & Director Wescan Energy Corp. Phone: (403) 816-4037 Email: sarshar.ahmad@yahoo.ca

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Disclaimer for Forward-Looking Statements

This news release contains forward-looking statements and information within the meaning of applicable securities laws, including statements regarding the Company’s drilling program, vendor coordination, expected operational benefits, and cost reductions. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on forward-looking statements. Wescan disclaims any intention or obligation to update or revise any forwardlooking statements except as required by applicable law.

Contact Information

For further information, please contact: Wescan Energy Corporation 1972; 350-7th Ave SW Calgary, Alberta T2P 3N9 Phone: 403-816-4037

Email: info@wescanenergycorp.com Website: www.wescanenergycorp.com

Forward-Looking Information

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.

Specified Financial Measures: This website refers to certain financial measures — including operating netback, net operating income (NOI), and NOI yield — that are not standardized financial measures under IFRS and may not be comparable to similar measures presented by other issuers. Operating netback is calculated as revenue less royalties, operating expenses, and workover costs, and excludes general and administrative expenses and debt service; it is therefore not a measure of free cash flow. Management uses these measures to assess operating performance; they should not be considered in isolation or as a substitute for measures prepared in accordance with IFRS. Refer to the Company’s disclosure filings on SEDAR+ for the composition of these measures and reconciliations to the most directly comparable IFRS measures.

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.

Exchange Disclaimer: Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this website.