Wescan Energy Corp (WCE)

[JonnyRBuck12]

Wescan will be picking up momentum pretty quick here as the company is starting to grow again. WTI hit $66 today and their production costs over the last several quarters range from $29-36 per barrel. So almost doubling at the moment.

WCE oil and gas reserves are nearly half a million barrels as well, mostly light oil. With workovers being done, a $200K placement at 5 cents ready to close and positive cash flow building, stock is looking good. Tight float of only 31.4 million shares and because it's coming off a multi year low, investors realize that most older shareholders in Wescan have higher costs. There's also some drilling locations which could be a game changer for the company.

Well report with production costs from the 51-101: https://cdn-ceo-ca.s3.amazonaws.com/1g3vtib-WCE%20Producing%20Wells.jpg

51-101 Reserve report: https://cdn-ceo-ca.s3.amazonaws.com/1g3vthi-WCE%20Reserves%20%26%20Cost%20Of%20Production.jpg