Calgary, Alberta – TheNewswire - August 20, 2025 – Wescan Energy Corp. ("Wescan" or the "Company") is pleased to announce the successful completion of drilling operations for its multilateral horizontal oil well located in the Provost area of east-central Alberta.

The well was drilled on time and under the approved authorization for expenditure (AFE) budget, marking a key operational milestone in Wescan’s 2025 capital program targeting oil development in the Mannville Group. The wellbore was designed with multiple horizontal laterals to enhance reservoir contact, improve recovery, and reduce surface disturbance. No operational issues were encountered during the drilling phase.

Wescan is currently conducting pressure testing on the well and anticipates commencing production by late August to early September 2025.

“We are very encouraged by the execution of this drilling program and remain focused on delivering capital-efficient growth,” said Leo Berezan, Chief Executive Officer of Wescan Energy Corp. “With drilling completed under budget, we look forward to bringing this well on stream shortly.”

The Company will provide additional updates upon production startup and once stabilized flow rates have been established.

About Wescan Energy Corp.:

Wescan Energy Corp. is a Canadian junior oil and gas company focused on the efficient development of oil assets in Alberta.

 

For more information, please contact:

Leo Berezan
President & CEO
Wescan Energy Corp.
www.wescanenergycorp.com

 

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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.