OTC : GPIPF

WesCan Energy Corp. — News

$0.0039 USD

$0 (0.0%)

Volume
10K
Average Volume
8.22K
Market Capitalization
$174.03K
P/E Ratio
-9.80
Dividend Yield
0.00%
Price Target
Year High
$0.06
Year Low
$0.00
Day High
Day Low
Payout Ratio
$0.00
Current Ratio
$0.37
Source Headline
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

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