Wescan Energy Corp. Announces Spud of Multilateral Development Well in Provost Area
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Calgary, Alberta – TheNewswire – July 31, 2025 – Wescan Energy Corp. (TSXV:WCE) (“Wescan” or the “Company”) is pleased to announce that drilling operations have commenced on a multilateral horizontal oil well located in the Provost area of east-central Alberta.
The well, which was spud on July 30th, is part of Wescan’s 2025 capital program targeting low-risk, oil development opportunities in the Mannville Group. This multilateral well is designed with multiple horizontal legs to efficiently access pay zone and improve recovery factors while minimizing surface footprint and drilling costs.
“This is a key milestone in our development strategy and reflects our continued focus on maximizing capital efficiency and production growth,” said Leo Berezan, Chief Executive Officer of Wescan Energy Corp. “The Provost area remains a cornerstone of our asset base, and this well represents our ongoing commitment to unlocking its full potential.”
The Company expects the well to be drilled and completed over the coming weeks, with first production anticipated in September 2025. Results will be disclosed once the well has been brought on stream and stabilized.
Wescan continues to advance its operational and financial initiatives with a focus on sustainable, per-share growth, and value creation for shareholders.
Wescan Energy Corp. is a Canadian junior oil and gas company engaged in the exploration, development, and production of light oil in Alberta. The Company’s strategy is centered on disciplined capital deployment, operational efficiency, and organic growth through development drilling and optimization.
For more information, please contact:
Leo Berezan
President & CEO
Wescan Energy Corp.
www.wescanenergycorp.com
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Disclaimer for Forward-Looking Information
Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” occur. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. The Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as otherwise required by law.
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