WesCan Energy Corp. is pleased to announce that it has successfully closed the acquisition of additional lands within the Company's core area at Provost, Alberta.
Further to the Company's news release on January 19, 2023, wherein, the overall drilling operations and related production from the success of the "new" well provided valuable geological data that was supportive of continuing its preliminary work for a second multi-leg horizontal well at Provost. As a result, the Company acquired an additional 240 acres that are contiguous with WesCan's current land position, all of which are 100% owned and operated by WesCan, ("100% working interest"). The acquired acreage should allow for additional recovery of hydrocarbons within the geological parameters identified in the formation of interest.
The company continues to further evaluate the prospect and budget for the subsequent drilling event.