Calgary, Alberta–(Newsfile Corp. – September 15, 2022) – WesCan Energy Corp. (TSXV: WCE) (“WesCan” or the “Company“) is providing an update to the previously announced news release with respect to the Company’s drilling program at Provost. Alberta.

On September 8, 2022, the Company announced that lease construction and drilling services were in place and that drilling was to begin within the next 7-10 days.

The Company is pleased to announce that drilling has now commenced and the new well spudded on September 13 at 19:00 hours. Surface and intermediate casing was set and cemented, plugged and pressure tested on September 14. The vertical section was completed to a depth of approximately 490 meters while the build section of the well at 490 meters, is expected to be drilled, cased and completed over the next 24 hours. Directional tools are being handled and expected to be in-hole by mid-day on September 16, 2022.

Further updates will be available over the course of the drilling program as we advance towards the completion stages of drilling. All updates and press releases will also be available on the Company’s website at www.wescanenergycorp.com.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Greg T. Busby, President & CEO
WESCAN ENERGY CORP. 
Tel: (403) 265-9464

John H. Cassels, CFO
WESCAN ENERGY CORP.
Tel: (403) 265-9464

TSX Venture: WCE
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 the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

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 drilling of the well and the timing of obtaining results therefrom. 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 drilling program discussed herein may not have the anticipated results. 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.

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137347