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WesCan Energy Reports Fiscal 2026 Year-End Results: Provost Multilateral Drives 50% Netback Expansion and 134% Increase in Adjusted Funds Flow
Fourth-quarter production up 61%; de-risked, repeatable Provost oil play sets up a fiscal 2027 program of one multilateral horizontal well and one well re-entry. July 21, 2026 – TheNewswire – Calgary, Alberta - WesCan Energy Corp. (“WesCan” or the “Company”) (TSXV: WCE) today announced its financial and operating results for the year ended March 31, 2026 — a turnaround year in which the Company established a repeatable, oil-weighted development play at Provost, Alberta. A multilateral horizontal oil well brought on production during the year materially increased production, expanded operating netbacks by 50%, reduced operating costs per barrel by 36% and more than doubled adjusted funds flow, while converting booked undeveloped reserves into production. The improvement followed a more challenging fiscal 2025 and was delivered through a focused, single-year capital program. thenewswire.com - 2026-07-21 12:10:00 |