Wescan Energy completes drilling for Provost oil well

Executive Summary

• Wescan Energy Corp. has successfully completed drilling of a multilateral horizontal oil well in the Provost area of east-central Alberta, finishing on time and under the approved budget.
• The well is designed with multiple horizontal laterals to enhance reservoir contact and improve recovery rates within the Mannville group.
• The company is currently conducting pressure testing and anticipates commencing production by late August to early September 2025.

Key Details

• Well Location: Provost area, east-central Alberta.
• Well Type: Multilateral horizontal oil well.
• Reservoir Target: Mannville group.
• Budget Performance: Drilling completed on time and under the approved authorization for expenditure budget.
• Design Features: Multiple horizontal laterals designed to enhance reservoir contact, improve recovery, and reduce surface disturbance.
• Operational Status: No operational issues encountered during the drilling phase; currently conducting pressure testing.
• Production Timeline: Anticipated start-up between late August and early September 2025.
• Future Updates: Additional updates to be provided upon production start-up and once stabilized flow rates are established.

Notable Quotes

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