The Company is pleased to further announce that it has made significant progress with the preliminary groundwork including surveying and construction of the drilling location, land acquisition(s) and the securing of a purchase order for both the surface and intermediate casing for the well. Ongoing discussions with all other field related services in preparation of the new well have commenced and are being negotiated and finalized.
Furthermore, as previously stated in the Company's press release on
Once again, WesCan will also be reviewing production optimization schemes and overall field operational efficiencies at the Company's wholly owned facilities as a result of the recent increase in overall production and in the event of the successful drilling and completion of the new well.
Contact:
President & CEO
Tel: (403) 265-9464
CFO
Tel: (403) 265-9464
TSX Venture
WCE
WEB: www.wescanenergycorp.com
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
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. Forward-looking information in this press release includes, but is not limited to, statements regarding expectations of management regarding the finalization of the Loan, the use of proceeds therefore, the receipt and timing of regulatory approval and other comments about expected operational results. 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 including, without limitation, the risks that the Loan may not close on the expected timeline or for the expected amounts, that regulatory approval may not be received for the Loan or that operational issues will be encountered with the spudding of the new well or bringing the production online. 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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