WesCan Energy Corp. Announces Successful Startup and Steady Production Growth at Provost Well

Core Insights - WesCan Energy Corp. has successfully established commercially economic production from its recently drilled Provost well, marking a significant milestone in asset development [1][3] - The company has improved operational reliability and production handling capacity through a successful battery turnaround in the Provost area [2] - The production rates for oil and gas have shown a positive trend, with the company planning to monitor and optimize performance while advancing additional drilling targets [3] Production Performance - Oil production increased from 6 m³/day (~38 bop/d) at startup to over 14 m³/day (~88 bop/d) mid-month, peaking at 16.4 m³/day (~103 bop/d) [6] - Gas production rose steadily, exceeding 1.0 e³m³/day (~35.3 Mcf/d) by the third week of September [6] - Corporate production now averages approximately 32.77 m³/day (~200 bop/d) of oil and 5.36 e³m³/day (~190 Mcf/d) of natural gas for a combined total of 232 boe/d [6] Operational Challenges and Solutions - The operations team effectively addressed early-stage challenges, including fluid hauling, foamy oil, and tank level controls, ensuring safe and efficient performance [2] - Water cut improved to an average of ~65% mid-month, with signs of further stabilization [6] - Consistent pump rates and strong fluid-handling capacity have contributed to operational stability [6] Company Overview - WesCan Energy Corp. is focused on the sustainable development of high-quality resource plays in Western Canada, committed to operational excellence and long-term shareholder value [4]